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Decklar Resources (Decklar Resources) Momentum Rank : 0 (As of Apr. 25, 2024)


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What is Decklar Resources Momentum Rank?

Decklar Resources 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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Decklar Resources (Decklar Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Decklar Resources Inc (OTCPK:DKLRF) » Definitions » Momentum Rank
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Traded in Other Exchanges
A1U1:Germany A1U1:Germany DKL:Canada
Address
8th Avenue S.W., Suite 525, 4600 Eighth Avenue Place East, Calgary, AB, CAN, T2P 1G1
Website
https://www.decklarresources.com
Decklar Resources Inc is an oil and gas exploration and development company principally focused on providing funding and technical advisory services to companies involved in the exploration and development of oil and gas properties in Nigeria. The company is developing the Oza Field located onshore in Oil Mining Lease (OML) 11 in Nigeria to increase production and reserves at the Oza Field.