Karnalyte Resources (Karnalyte Resources) Momentum Rank : 4 (As of May. 16, 2024)

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What is Karnalyte Resources Momentum Rank?

Karnalyte Resources has the Momentum Rank of 4.

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 Karnalyte Resources's Momentum Rank

For the Agricultural Inputs subindustry, Karnalyte 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.

Karnalyte Resources's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Karnalyte Resources's Momentum Rank distribution charts can be found below:

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

Karnalyte Resources Momentum Rank Related Terms

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Karnalyte Resources (Karnalyte Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Karnalyte Resources Inc (OTCPK:KRLTF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KRN:Canada

Address

409 3rd Avenue South, Suite 1201, Saskatoon, SK, CAN, S7K 5R5

Website

http://www.karnalyte.com

Karnalyte Resources Inc is a development stage company is engaged in exploration and development of its property and planned construction of a production facility and development of a potash mine. The property is situated in Saskatchewan, south of Wynyard and contains a dominant zone of potash and magnesium minerals.

Karnalyte Resources (Karnalyte Resources) Headlines

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