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Enxnet (Enxnet) Momentum Rank : 0 (As of Apr. 29, 2024)


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What is Enxnet Momentum Rank?

Enxnet 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.

Enxnet Momentum Rank Related Terms

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Enxnet (Enxnet) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enxnet Inc (OTCPK:EXNT) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
7450 S. Winston Avenue, Tulsa, OK, USA, 74136
Website
http://www.enxnet.com
Enxnet Inc is the United States based natural gas and petroleum exploitation, development, and production company engaged in locating and developing hydrocarbon resources, in the Rocky Mountain region. Its principal business is the acquisition of leasehold interests in petroleum and natural gas rights, either directly or indirectly, and the exploitation and development of properties subject to these leases. The company has leased property in Colorado and is searching for additional opportunities in the natural gas and petroleum industry.
Executives
Stephen J Hoelscher officer: CFO 515 CONGRESS AVE, STE 1400, AUSTIN TX 78701

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