GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nobel Resources Corp (OTCPK:NBTRF) » Definitions » Momentum Rank

Nobel Resources (Nobel Resources) Momentum Rank : 0 (As of Jun. 18, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Nobel Resources Momentum Rank?

Nobel 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.

Nobel Resources Momentum Rank Related Terms

Thank you for viewing the detailed overview of Nobel Resources's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Nobel Resources (Nobel Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nobel Resources Corp (OTCPK:NBTRF) » Definitions » Momentum Rank
Comparable Companies
TSXV:TGOL TSXV:SILV XCNQ:RI TSXV:SSE TSXV:BEA TSXV:NBY TSXV:NRN XCNQ:SASY TSXV:SRA TSXV:FKM ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
7Z00:Germany NBLC:Canada
Address
36 Lombard Street, Floor 4, Toronto, ON, CAN, M5C 2X3
Website
https://www.nobel-resources.com
Nobel Resources Corp is a mineral exploration and development company. It holds interests in the La Salvadora Property, Chile and Algarrobo Project, located in the coastal IOCG (Iron, Oxide, Copper, Gold) belt in northern Chile. Geographically, the company operates in Chile and Canada.

Nobel Resources (Nobel Resources) Headlines

From GuruFocus

Nobel Engages Generation IACP Inc. For Market Making Services

By GlobeNewswire GlobeNewswire • 03-22-2022

Nobel Announces Change to Board of Directors

By GlobeNewswire GlobeNewswire • 04-14-2023