GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Odyssey Resources Ltd (OTCPK:ODXSF) » Definitions » Momentum Rank

Odyssey Resources (Odyssey Resources) Momentum Rank : 0 (As of May. 06, 2024)


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

What is Odyssey Resources Momentum Rank?

Odyssey 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.

Odyssey Resources Momentum Rank Related Terms

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

Odyssey Resources (Odyssey Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Odyssey Resources Ltd (OTCPK:ODXSF) » Definitions » Momentum Rank
Comparable Companies
XCNQ:AFF TSXV:NVT XCNQ:GRCM XCNQ:HMC XCNQ:SPEY XCNQ:TANA TSXV:STUV TSXV:HCC.H TSXV:NED XCNQ:PRUD ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
ODX.H:Canada
Address
181 Bay Street, Brookfield Place, Suite 4400, Toronto, ON, CAN, M5J 2T3
Website
http://www.odysseyresources.com
Odyssey Resources Ltd is an exploration company focused on the acquisition, exploration, discovery, and development of mineral resource properties. The company is assessing new properties and seeks to acquire an interest in mineral properties. The company has one reportable operating segment being the acquisition and exploration of mineral properties.

Odyssey Resources (Odyssey Resources) Headlines

No Headlines