Morien Resources (Morien Resources) Momentum Rank : 10 (As of May. 05, 2024)

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What is Morien Resources Momentum Rank?

Morien Resources has the Momentum Rank of 10.

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.

Competitive Comparison of Morien Resources's Momentum Rank

For the Thermal Coal subindustry, Morien Resources's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Morien Resources's Momentum Rank Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Morien Resources's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Morien Resources's Momentum Rank falls into.

Morien Resources Momentum Rank Related Terms

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Morien Resources (Morien Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Morien Resources Corp (OTCPK:APMCF) » Definitions » Momentum Rank

Traded in Other Exchanges

35BN:Germany MOX:Canada

Address

1701 Hollis Street, Suite 800, Halifax, NS, CAN, B3J 3M8

Website

https://www.morienres.com

Morien Resources Corp is engaged in the business of identification and purchase of mineral projects. It operates as a mining development company that holds royalty interests in two tidewater accessed projects, namely the Donkin Coal Mine and the Black Point Aggregate Project. The company derives revenue in the form of royalty interests.

Morien Resources (Morien Resources) Headlines

From GuruFocus

Morien Announces Virtual Annual Meeting of Shareholders, Files Proxy Circular

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