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Rift Valley Resources (XCNQ:RVR) Momentum Rank : 0 (As of May. 25, 2024)


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What is Rift Valley Resources Momentum Rank?

Rift Valley 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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Rift Valley Resources (XCNQ:RVR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Rift Valley Resources Corp (XCNQ:RVR) » Definitions » Momentum Rank
Comparable Companies
XCNQ:ADMT TSXV:ADYA TSXV:GOK XCNQ:TO TSXV:VMY.H TSXV:USS VZ CMCSA TMUS T HKSE:00941 TSE:9432 XTER:DTE CHTR TSE:9433 AMXA ADX:ETISALAT TSE:9984 SAU:7010 TSE:9434
Traded in Other Exchanges
N/A
Address
1681 Chestnut Street, Number 400, Vancouver, BC, CAN, V6J 4M6
Website
https://www.riftvalleyresources.ca
Rift Valley Resources Corp is engaged in the evaluation of a wireless service business and other business opportunities. It provides Fixed and Portable wireless broadband. The company also develops QwikCom portable wireless broadband and surveillance system for remote communications, disaster recovery and facility/border surveillance.
Executives
Griffin Jones Director

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