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Norstra Energy (Norstra Energy) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Norstra Energy Momentum Rank?

Norstra Energy 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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Norstra Energy (Norstra Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norstra Energy Inc (GREY:NORX) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
1048 WEST 11TH, Suite 400, Spokane, WA, USA, 99204
Website
http://www.norstraenergy.com
Norstra Energy Inc explores and develops oil and gas properties. The exploration activities of company are subject to federal, state and local laws and regulations governing exploration, environmental matters, occupational health and safety, taxes, labor standards and other matters.

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