Arrow Exploration (Arrow Exploration) Momentum Rank

: 1 (As of Today)

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Arrow Exploration has the Momentum Rank of 1.

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.

Competitive Comparison

For the Oil & Gas E&P subindustry, Arrow Exploration's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Arrow Exploration Momentum Rank Distribution

For the Oil & Gas industry and Energy sector, Arrow Exploration's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Arrow Exploration's Momentum Rank falls into.

Arrow Exploration Momentum Rank Related Terms

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Arrow Exploration (Arrow Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arrow Exploration Corp (OTCPK:CSTPF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AXL:UK AXL:Canada

Address

333 - 11th Avenue SW, 1430, Calgary, CAN, T2R 1L9

Website

https://www.arrowexploration.ca

Arrow Exploration Corp is engaged in oil exploration, development and production, and the acquisition of oil and gas properties. It operates in Colombia and Western Canada. Some of the company's assets are Tapir Block and Santa Isabel. The Canada segment of the company is referred to as Corporate Segment. The company's revenues are majorly derived from Oil Sales.

Arrow Exploration (Arrow Exploration) Headlines

From GuruFocus

Arrow Appoints New Chairman

By GlobeNewswire GlobeNewswire • 01-16-2020

Arrow Exploration Announces Closing of the Sale of the LLA-23 Block

By GlobeNewswire GlobeNewswire • 12-30-2020

Arrow Exploration Announces Proposed Private Placement and Grant of Stock Options

By GlobeNewswire GlobeNewswire • 05-24-2020

Arrow Exploration Corp. Announces Third Quarter 2019 Financial and Operating Results and Initiation of Strategic Alternatives Process

By GlobeNewswire GlobeNewswire • 11-29-2019

Arrow Exploration Provides Update on Timing of Annual and March 31, 2020 Quarterly Filings

By GlobeNewswire GlobeNewswire • 06-01-2020

Arrow Announces New Interim CEO Appointment

By GlobeNewswire GlobeNewswire • 12-18-2019

Arrow Announces Termination of Market-Making Agreement

By GlobeNewswire GlobeNewswire • 12-06-2019