Happy Creek Minerals (TSXV:HPY) Momentum Rank : 0 (As of Jun. 09, 2024)

View and export this data going back to 2006. Start your Free Trial

What is Happy Creek Minerals Momentum Rank?

Happy Creek Minerals 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.

Happy Creek Minerals Momentum Rank Related Terms

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

Happy Creek Minerals (TSXV:HPY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Happy Creek Minerals Ltd (TSXV:HPY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HPYCF:USA

Address

789 West Pender Street, Suite 460, Vancouver, BC, CAN, V6C 1H2

Website

https://www.happycreekminerals.com

Happy Creek Minerals Ltd is a mineral exploration company engaged in the exploration and development of its mineral properties. Its projects include Rateria and West Valley Property, Abbott Lake Property and Tyner Lake Property. The company has a diversified metal exploration portfolio in a safe geopolitical jurisdiction and completed much of the early-stage exploration on its properties to resolve quality opportunities.

Executives

Patrick Triggs

10% Security Holder