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HNR Acquisition (HNR Acquisition) Momentum Rank : 0 (As of May. 29, 2024)


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What is HNR Acquisition Momentum Rank?

HNR Acquisition 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.

HNR Acquisition Momentum Rank Related Terms

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HNR Acquisition (HNR Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » HNR Acquisition Corp (AMEX:HNRA) » Definitions » Momentum Rank
Comparable Companies
IGTA GBBK VHAQ SGII HPLT RFAC GTAC ARTE GGAAF INAQ PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
3730 Kirby Drive, Suite 1200, Houston, TX, USA, 77098
Website
https://www.hnra-nyse.com
HNR Acquisition Corp is a blank check company.
Executives
Donald Goree director, officer: Chief Executive Officer 101 NE 3RD AVENUE, SUITE 1220, FORT LAUDERDALE FL 33301
Salvucci Joseph V Jr director 583 EPSILON DRIVE, PITTSBURGH PA 15238
Salvucci Joseph V Sr director 583 EPSILON DRIVE, PITTSBURGH PA 15238
Donald W Orr director, officer: President 3730 KIRBY DRIVE, SUITE 1200, HOUSTON TX 77098