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Selectnds (TSXV:SNS) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Selectnds Momentum Rank?

Selectnds 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.

Selectnds Momentum Rank Related Terms

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Selectnds (TSXV:SNS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Select Sands Corp (TSXV:SNS) » Definitions » Momentum Rank
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Traded in Other Exchanges
SLSDF:USA
Address
RPO Parkgate Vlg, P.O. Box 30072, North Vancouver, BC, CAN, V7H 2Y8
Website
https://www.selectsands.com
Select Sands Corp engaged in an advanced stage silica sand quarry and production facilities located in Arkansas, USA. The company is focused on developing this business to enable profitable commercial silica sand sales to industrial and energy customers. The company's business activities are spread across the United States and Canada.
Executives
Steven Harold Goldman Director

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