GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MCF Energy Ltd (FRA:DC6) » Definitions » Momentum Rank

MCF Energy (FRA:DC6) Momentum Rank : 0 (As of May. 15, 2024)


View and export this data going back to 2023. Start your Free Trial

What is MCF Energy Momentum Rank?

MCF 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.

MCF Energy Momentum Rank Related Terms

Thank you for viewing the detailed overview of MCF Energy's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

MCF Energy (FRA:DC6) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MCF Energy Ltd (FRA:DC6) » Definitions » Momentum Rank
Comparable Companies
TSX:CDR TSXV:JEV TSX:FORZ TSXV:RHC TSX:PPR TSXV:EOG TSXV:NSE TSXV:HAM TSXV:TPL TSXV:SOU COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
MCFNF:USA DC6:Germany MCF:Canada
Address
595 Burrard Street, Suite 3123, Vancouver, BC, CAN, V7X 1J1
Website
https://www.mcfenergy.com
MCF Energy Ltd is a junior resource company engaged in the identification, exploration, and development, of both proven and unproven reserves via drilling and/or acquisition with a focus on the European oil and gas sector. It has two projects which are in Australia and Germany.

MCF Energy (FRA:DC6) Headlines

No Headlines