Arcwest Exploration (TSXV:AWX) Momentum Rank : 0 (As of Dec. 14, 2024)

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What is Arcwest Exploration Momentum Rank?

Arcwest Exploration 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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Arcwest Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arcwest Exploration Inc (TSXV:AWX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SJRNF:USA

Address

355 Burrard Street, Suite 1000, Vancouver, BC, CAN, V6C 2G8

Website

https://www.arcwestexploration.com

Arcwest Exploration Inc is a Canada-based company engaged in the mineral exploration business. The company's properties consist of Todd Creek Property, Oweegee Property, Oxide Peak, Eagle, Rip, Sparrowhawk Property, Northern Vancouver Island property, Teeta Creek Property, and others.

Executives

Colin Patrick O'leary	Director
Nigel Bruce Luckman	Senior Officer
Tyler Ruks	Senior Officer
Jeff Kyba	Senior Officer
Gregory Allan Beischer	Director
William John Meekison	Senior Officer