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


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What is Anfield Energy Momentum Rank?

Anfield Energy 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.

Anfield Energy Momentum Rank Related Terms

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Anfield Energy (Anfield Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Anfield Energy Inc (OTCPK:ANLDF) » Definitions » Momentum Rank
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Traded in Other Exchanges
0ADN:Germany AEC:Canada
Address
4390 Grange Street, No. 2005, Burnaby, BC, CAN, V5H 1P6
Website
https://www.anfieldenergy.com
Anfield Energy Inc is a mineral exploration and development company. This Company focuses on uranium and vanadium development and near-term production. The exploration project of the company includes Shootaring Canyon Mill and Velvet-Wood and Slick Rock Uranium Project from Uranium One. The company's geographical segments are Canada and the United States.

Anfield Energy (Anfield Energy) Headlines

From GuruFocus

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By Value_Insider Value_Insider • 11-07-2022