GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Serra Energy Metals Corp (OTCPK:ESVNF) » Definitions » Momentum Rank

Serra Energy Metals (Serra Energy Metals) Momentum Rank : 0 (As of Jun. 08, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Serra Energy Metals Momentum Rank?

Serra Energy Metals 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.


Serra Energy Metals Momentum Rank Related Terms

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


Serra Energy Metals (Serra Energy Metals) Business Description

Traded in Other Exchanges
Address
907 - 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3
Serra Energy Metals Corp is focused on the exploration and development of green metal projects, primarily in Brazil. The Company's main interest lies in the exploration of nickel, copper, cobalt, and lithium, with an emphasis on identifying and investigating exploration targets that are drill-ready and are situated near the infrastructure.

Serra Energy Metals (Serra Energy Metals) Headlines

From GuruFocus