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Tuscany Energy (Tuscany Energy) Momentum Rank : 0 (As of May. 27, 2024)


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What is Tuscany Energy Momentum Rank?

Tuscany 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.

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Tuscany Energy (Tuscany Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tuscany Energy Ltd (OTCPK:TSCAF) » Definitions » Momentum Rank
Comparable Companies
BSE:DAFR VTGDF LSE:TOM PESX SDLPF OSL:DDASA TSX:CET LSE:AAOG TSX:WRG SGX:578 NSE:ABAN XTER:4DS TSX:AKT.A UNT LSE:BLVN OSL:ARCHER ICD ISX:APEX KUW:ABAR OSL:AWDR
Traded in Other Exchanges
N/A
Address
1800, 633 – 6th Avenue South West, Calgary, AB, CAN, T2P 2Y5
Website
http://www.tuscanyenergy.com
Tuscany Energy Ltd is a heavy oil development and production company with reserves, land holdings and production in Canada. Its is engaged in the exploitation of oil resources in Alberta and Saskatchewan through horizontal drilling.

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