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E-Power Resources (XCNQ:EPR) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is E-Power Resources Momentum Rank?

E-Power 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.

E-Power Resources Momentum Rank Related Terms

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E-Power Resources (XCNQ:EPR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E-Power Resources Inc (XCNQ:EPR) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
925 de Maisonneuve Boulevard, Suite 247, Montreal, QC, CAN, H3A0A5
Website
https://www.e-powerresources.com
E-Power Resources Inc is the exploration for mineral resources in the province of Quebec, Canada. Exploration activities consist of searching for resources suitable for commercial exploitation by researching and analyzing an area's historic exploration data, by conducting topographical, geological, geochemical and geophysical studies, and by exploratory driling, trenching and sampling. The company's projects include Tetepisca and Turgeon Graphite.
Executives
James Cross Director