GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cross Border Resources Inc (OTCPK:XBOR) » Definitions » Momentum Rank

Cross Border Resources (Cross Border Resources) Momentum Rank : 0 (As of Apr. 27, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Cross Border Resources Momentum Rank?

Cross Border 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.

Cross Border Resources Momentum Rank Related Terms

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

Cross Border Resources (Cross Border Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cross Border Resources Inc (OTCPK:XBOR) » Definitions » Momentum Rank
Comparable Companies
TSXV:TPC TSXV:CEN FPPP TSXV:WTR TSXV:STMP UNGS TSXV:PPE.H TSXV:CA.H TSXV:MMO.H TSXV:ROC.H TSXV:GX GBEYF SPOWF TSXV:CE.H TSXV:KLE.H TSXV:PTP.H TSXV:TZR XCNQ:EI TSXV:TIP.H TSXV:CTI.H
Traded in Other Exchanges
N/A
Address
2515 McKinney Avenue, Suite 900, Dallas, TX, USA, 75201
Website
http://www.xbres.com
Cross Border Resources Inc is an oil and gas Exploration Company. The Company is engaged in the acquisition, operation, exploration and development of oil and gas properties and prospects.
Executives
Laroche Richard F Jr director P.O. BOX 1398, MURFREESBORO TN 37133-1398
Gray Everett Willard Ii other: Former Chief Executive Officer P. O. BOX 5375, MIDLAND TX 79704

Cross Border Resources (Cross Border Resources) Headlines

No Headlines