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Spark Energy Minerals (XCNQ:SPRK) Momentum Rank : 0 (As of Jun. 21, 2024)


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What is Spark Energy Minerals Momentum Rank?

Spark Energy Minerals 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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Spark Energy Minerals (XCNQ:SPRK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spark Energy Minerals Inc (XCNQ:SPRK) » Definitions » Momentum Rank
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Traded in Other Exchanges
MTEHF:USA 8PC:Germany 8PC:Germany
Address
595 Howe Street, Suite 702, Vancouver, BC, CAN, V6C 2T5
Website
https://www.sparkenergyminerals.com
Spark Energy Minerals Inc is in the business of acquisition, exploration and evaluation of a mineral property. It is a Canadian company pursuing battery metals and mineral assets with newly acquired interests in Brazil and Canada. It also holds interests in prospective gold assets in Canada as a result of previous acquisitions in the precious metals space.
Executives
Nicholas Watters 10% Security Holder

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