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Tasman Resources (Tasman Resources) Momentum Rank : 0 (As of Apr. 26, 2024)


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What is Tasman Resources Momentum Rank?

Tasman 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.

Tasman Resources Momentum Rank Related Terms

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Tasman Resources (Tasman Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tasman Resources Ltd (OTCPK:TASEF) » Definitions » Momentum Rank
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ASX:AMM ASX:L1M ASX:ZMI ASX:SUM ASX:AQX ASX:KOR ASX:PR1 ASX:BLZ ASX:MRQ ASX:PBL ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL MIC:GMKN
Traded in Other Exchanges
TAS:Australia
Address
197 St Georges Terrace, Level 15, Perth, WA, AUS, 6000
Website
https://www.tasmanresources.com.au
Tasman Resources Ltd is an Australian exploration company. The company is focusing on exploration projects with the potential to deposit a wide range of precious and base metals including gold, silver, copper, zinc, nickel, and uranium. Its projects are Lake Torrens Project, Pernatty Project and Vulcan prospect. The company's segments include Tasman Resources Ltd and Eden Innovations. It generates maximum revenue from the Eden Innovations segment.

Tasman Resources (Tasman Resources) Headlines