Tidelands Royalty Trust B (Tidelands Royalty Trust B) Momentum Rank : 0 (As of May. 06, 2024)

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

What is Tidelands Royalty Trust B Momentum Rank?

Tidelands Royalty Trust B 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.

Tidelands Royalty Trust B Momentum Rank Related Terms

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

Tidelands Royalty Trust B (Tidelands Royalty Trust B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tidelands Royalty Trust B (OTCPK:TIRTZ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o The Corporate Trustee Southwest Bank, 2911 Turtle Creek Boulevard, Dallas, TX, USA, 75219

Website

http://www.tirtz-tidelands.com

Tidelands Royalty Trust B is a U.S based royalty trust. It is not permitted to engage in any business activity because it was organized for the sole purpose of providing means for the administration and liquidation of rights to interests in oil, natural gas or other mineral leases obtained by Gulf Oil Corporation in a designated area of the Gulf of Mexico. The Trust through its subsidiary holds title to interests in properties that are situated offshore of Louisiana.

Tidelands Royalty Trust B (Tidelands Royalty Trust B) Headlines

From GuruFocus

Tidelands Royalty Trust "B" Announces 1st Quarter Cash Distribution

By PRNewswire PRNewswire • 03-19-2018

Tidelands Royalty Trust "B" Announces No Quarterly Cash Distribution

By PRNewswire PRNewswire • 06-19-2018

Tidelands Royalty Trust "B" Announces Intention To Cease SEC Reporting

By PRNewswire PRNewswire • 03-01-2019

Tidelands Royalty Trust "B" Announces Filing Of Form 15 And Cessation Of SEC Reporting

By PRNewswire PRNewswire • 03-08-2019

TIDELANDS ROYALTY TRUST "B" ANNOUNCES FINAL DISTRIBUTION OF REMAINING LIQUID ASSETS

By PRNewswire PRNewswire • 01-18-2022

Tidelands Royalty Trust "B" Announces No Quarterly Cash Distribution

By PRNewswire PRNewswire • 09-18-2018

Tidelands Royalty Trust "B" Announces No Quarterly Cash Distribution

By PRNewswire PRNewswire • 12-20-2018