Tearlach Resources (Tearlach Resources) Momentum Rank : 0 (As of May. 30, 2024)

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What is Tearlach Resources Momentum Rank?

Tearlach 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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Tearlach Resources (Tearlach Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

V44:Germany TEA:Canada

Address

789 West Pender Street, Suite 1120, Vancouver, BC, CAN, V6C 1H2

Website

https://www.tearlach.ca

Tearlach Resources Ltd is a British Columbia, Canada incorporated company engaged in the acquisition, exploration, and development of lithium projects in the Americas. Its projects include The Pakwan lithium project, the Gabriel project, the Margo lake property, The Shelby project, and The New Frontier Project.