Horrison Resources (Horrison Resources) Momentum Rank : 0 (As of May. 25, 2024)

View and export this data going back to 2012. Start your Free Trial

What is Horrison Resources Momentum Rank?

Horrison 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.

Horrison Resources Momentum Rank Related Terms

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

Horrison Resources (Horrison Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Horrison Resources Inc (OTCPK:HRSR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Hoi Bun Road, Unit L, 16th Floor, MG Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.hrsr.us

Horrison Resources Inc is engaged in planting, developing, researching, harvesting, cultivating, and growing plantations with a focus on Aquilaria species across the Asia regions.

Horrison Resources (Horrison Resources) Headlines

From GuruFocus

Aftermath of the Aquilaria Trees Acquisition Success

By PRNewswire PRNewswire • 06-04-2020

Horrison Resources Paving Its Path For Successful and Innovative Agarwood Products

By PRNewswire PRNewswire • 07-22-2020

Horrison Resources to Focus on Developing Novel Agarwood Tea

By PRNewswire PRNewswire • 09-01-2020

Horrison Resources Acquires 2,000 More Aquilaria Trees

By PRNewswire PRNewswire • 12-22-2020

Horrison Resources Inc. Completes Acquisition of Aquilaria Trees

By PRNewswire PRNewswire • 05-14-2020