Arrow Resources Development (Arrow Resources Development) Momentum Rank : 0 (As of Jun. 17, 2024)

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What is Arrow Resources Development Momentum Rank?

Arrow Resources Development 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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Arrow Resources Development (Arrow Resources Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Arrow Resources Development Inc (OTCPK:ARWD) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

1204 Avenue U, Suite 1303, Brooklyn, NY, USA, 11229

Website

http://www.arrowrd.com

Arrow Resources Development Inc provides marketing, sales, distribution, corporate operations and corporate finance services for the commercial exploitation of natural resources. The company serves as the corporate finance and management infrastructure developer for large scale plantation/farming operations and ethanol plants in Indonesia.

Executives

Mcconnaughy John E Jr	director	JEMC CORP, 1011 HIGH RIDGE ROAD, STAMFORD CT 06905
John W Allen	director	CARNEGIE HALL TOWER 152 W. 57TH STREET, 27TH FLOOR NEW YORK NY 10019
Larry M Reid	director, officer: Exec. Vice President	8000 NORTH FEDERAL HIGHWAY, SUITE #100, BOCA RATON FL 33487

Arrow Resources Development (Arrow Resources Development) Headlines

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