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Frontera Energy (FRA:3PY3) Momentum Rank : 0 (As of May. 05, 2024)


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What is Frontera Energy Momentum Rank?

Frontera Energy 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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Frontera Energy (FRA:3PY3) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontera Energy Corp (FRA:3PY3) » Definitions » Momentum Rank
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Traded in Other Exchanges
FECCF:USA 3PY3:Germany FEC:Canada
Address
1610, 222 - 3 Avenue SW, Calgary, AB, CAN, T2P 0B4
Website
https://www.fronteraenergy.ca
Frontera Energy Corp is a Canadian-based company engaged in the exploration, development, and production of crude oil and natural gas reserves in South America. It operates in four reportable segments such as Colombia, Ecuador, Guyana and Midstream Colombia. The majority of its revenue is generated from the Colombia segment.

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