Uranium Focused Energy Fund (Uranium Focused Energy Fund) Momentum Rank : 0 (As of Jun. 23, 2024)

View and export this data going back to . Start your Free Trial

What is Uranium Focused Energy Fund Momentum Rank?

Uranium Focused Energy Fund 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.

Uranium Focused Energy Fund Momentum Rank Related Terms

Thank you for viewing the detailed overview of Uranium Focused Energy Fund's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Uranium Focused Energy Fund (Uranium Focused Energy Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Uranium Focused Energy Fund (OTCPK:UFEFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.middlefield.com

Uranium Focused Energy Fund is a closed-end investment trust established under the laws of the Province of Alberta. Middlefield Limited is the trustee and manager of the Fund. Middlefield Capital Corporation, a company under common control with the Manager, is the advisor to the Fund. The Fund invests in securities of issuers that operate in or have exposure to the uranium sector, supplemented with securities of other energy related issuers that operate in or have exposure to the energy sector. The investment objectives of the Fund are to achieve capital appreciation of the Portfolio over the life of the Fund and pay quarterly distributions to Unitholders.

Uranium Focused Energy Fund (Uranium Focused Energy Fund) Headlines

No Headlines