Headwater Exploration (TSX:HWX) Momentum Rank : 7 (As of Mar. 02, 2025)

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What is Headwater Exploration Momentum Rank?

Headwater Exploration has the Momentum Rank of 7.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Headwater Exploration's Momentum Rank

For the Oil & Gas E&P subindustry, Headwater Exploration's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Headwater Exploration's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Headwater Exploration's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Headwater Exploration's Momentum Rank falls into.

Headwater Exploration Momentum Rank Related Terms

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Headwater Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Headwater Exploration Inc (TSX:HWX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CDDRF:USA

Address

215 - 9th Avenue S.W, Unit 1400, Calgary, AB, CAN, T2P 1K3

Website

https://www.headwaterexp.com

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration for development and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.

Executives

Phillip R. Knoll	Director
Dieter Deines	Senior Officer
Stephen Phillip Larke	Director
Kevin Olson	Director
Jonathan L. Grimwood	Senior Officer
Chandra Henry	Director
David Lawrence Pearce	Director
Bradley Christman	Senior Officer
Terry Ryan Danku	Senior Officer
Alexandra Horvath	Senior Officer
Scott Earl Rideout	Senior Officer
Jason Jowill Jaskela	Director, Senior Officer

Headwater Exploration Headlines

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