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Saratoga Resources (Saratoga Resources) Momentum Rank : 0 (As of May. 07, 2024)


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What is Saratoga Resources Momentum Rank?

Saratoga Resources has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Saratoga Resources (Saratoga Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saratoga Resources Inc (GREY:SARA) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
2400 Veterans Memorial Boulevard, Suite 110-A, Kenner, LA, USA, 70062
Website
http://www.saratogaresources.com
Saratoga Resources Inc is active in the energy sector. It is an independent oil and natural gas company engaged in the production, development, acquisition, and exploitation of crude oil and natural gas properties. Its properties consist of approximately 50,000 acres under leases in the transitional coastline in protected in-bay environments on parish and state leases in south Louisiana.

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