Fjordland Exploration (Fjordland Exploration) Momentum Rank

: 0 (As of Today)

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Fjordland Exploration 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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Fjordland Exploration (Fjordland Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fjordland Exploration Inc (OTCPK:FEXXF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FEX:Canada

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.fjordlandex.com

Fjordland Exploration Inc is a Canada-based exploration-stage company. It is engaged in the exploration of mineral properties. The company's projects include South Voisey's Bay Project, Renzy Nickel-Copper Project, Witch Project, and Milligan West Project. The Company has one operating segment, mineral acquisition, and exploration, and operates in one geographical segment, Canada.

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