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Sparton Resources (TSXV:SRI) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Sparton Resources Momentum Rank?

Sparton Resources 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.

Sparton Resources Momentum Rank Related Terms

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Sparton Resources (TSXV:SRI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sparton Resources Inc (TSXV:SRI) » Definitions » Momentum Rank
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Traded in Other Exchanges
SPNRF:USA
Address
82 Richmond Street East, Toronto, ON, CAN, M5C 1P1
Website
http://www.spartonres.ca
Sparton Resources Inc is an exploration and development stage company and has interests in exploration and evaluation properties in Canada and China. It focuses on financing exploration for several resource projects and seeking new business for the drilling operation. Through its subsidiaries, it is also into the development of the vanadium redox flow battery. The company's other properties include Bruell Gold Property and Sir Harry Oakes Gold Property in Canada.
Executives
Yongbiao Ding Senior Officer