GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Energy PLC (OTCPK:THORF) » Definitions » Momentum Rank

Thor Energy (Thor Energy) Momentum Rank : 0 (As of May. 23, 2024)


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

What is Thor Energy Momentum Rank?

Thor Energy 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.

Thor Energy Momentum Rank Related Terms

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

Thor Energy (Thor Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Energy PLC (OTCPK:THORF) » Definitions » Momentum Rank
Comparable Companies
LSE:JAN LSE:FRG LSE:GROC LSE:CRTM LSE:LND LSE:MET1 LSE:GWMO LSE:VAST LSE:IRON LSE:JAY ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
THR:UK T5MB:Germany THR:Australia
Address
Salisbury House, London Wall, London, GBR, EC2M 5PS
Website
https://www.thorenergyplc.com
Thor Energy PLC is a uranium and energy metals resource company. It is focused on uranium and energy metals that are crucial in the shift to a green energy economy. Thor has prospective projects that give exposure to uranium, nickel, copper, lithium and gold minerals. The group's projects are located in Australia and the USA.

Thor Energy (Thor Energy) Headlines

From GuruFocus

Thor Mining PLC at Vertical Events RIU Sydney Resources Round-Up Transcript

By GuruFocus Research • 02-15-2024