Upland Resources (LSE:UPL) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Upland Resources Momentum Rank?

Upland Resources 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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Upland Resources (LSE:UPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Upland Resources Ltd (LSE:UPL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

2UZ:Germany

Address

44 Esplanade, 3rd Floor, St Helier, JEY, JE4 9WG

Website

http://www.uplandres.com

Upland Resources Ltd is an upstream oil and gas company. The company acquires target companies that have operations in the oil and gas exploration and production sector. Upland predominantly seeks material stakes in oil and gas plays that represent an attractive risk and reward balance for its shareholders.

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