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Buffalo Coal (TSXV:BUF) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Buffalo Coal Momentum Rank?

Buffalo Coal 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.

Buffalo Coal Momentum Rank Related Terms

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Buffalo Coal (TSXV:BUF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Buffalo Coal Corp (TSXV:BUF) » Definitions » Momentum Rank
Comparable Companies
HTBK BSVN OVLY HNVR FBTT AROW LBC LOGN NWPP CBAF SHSE:601088 ISX:BYAN BOM:512599 SHSE:601225 SHSE:600188 NSE:COALINDIA SHSE:601898 SZSE:000983 SHSE:601699 ASX:SOL
Traded in Other Exchanges
N/A
Address
Greytown Road, Industrial area, KwaZulu Natal, Dundee, ZAF, 3000
Website
http://www.buffalocoal.co.za
Buffalo Coal Corp is a Canadian based company, that operates as a producer of thermal and metallurgical coal. The business activity of the company includes the supply of thermal coal, anthracite and calcine into both Canadian and international markets. The company holds an interest in two operating mines which are Magdalena bituminous mine and Aviemore anthracite mine.

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