Storm Exploration (Storm Exploration) Momentum Rank : 0 (As of Apr. 25, 2024)

View and export this data going back to 2013. Start your Free Trial

What is Storm Exploration Momentum Rank?

Storm 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.

Storm Exploration Momentum Rank Related Terms

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

Storm Exploration (Storm Exploration) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

L84:Germany STRM:Canada

Address

885 West Georgia Street, Suite 1480, Vancouver, BC, CAN, V6C 3E8

Website

https://www.stormex.ca

Storm Exploration Inc is a mineral resource company. The company is engaged in the acquisition and exploration of mineral properties in the Kimberly region of the Australian state of Western Australia. Its project includes Miminiska; Gold Standard; Keezhik; Attwood North Kimberly Diamond Project.