GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bocana Resources Corp (TSXV:BOCA) » Definitions » Momentum Rank

Bocana Resources (TSXV:BOCA) Momentum Rank : 0 (As of Jun. 05, 2024)


View and export this data going back to 2008. Start your Free Trial

What is Bocana Resources Momentum Rank?

Bocana 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.

Bocana Resources Momentum Rank Related Terms

Thank you for viewing the detailed overview of Bocana Resources's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Bocana Resources (TSXV:BOCA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bocana Resources Corp (TSXV:BOCA) » Definitions » Momentum Rank
Comparable Companies
TSXV:GSS TSXV:CML XCNQ:ATCM TSXV:CCD TSXV:NL XCNQ:URM TSXV:PEGA TSXV:SGZ TSXV:EDM TSXV:MAC ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
VC1:Germany
Address
333-7th Avenue South West, Suite 200, Calgary, AB, CAN, T2P 2Z1
Website
https://www.bocanaresources.com
Bocana Resources Corp is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in South America. It holds a 100% working interest in the mineral properties known as the Escala area concessions located at the Department of Potosi, Sud Lipez Province, Bolivia.

Bocana Resources (TSXV:BOCA) Headlines

No Headlines