Sienna Resources (TSXV:SIE) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is Sienna Resources Momentum Rank?

Sienna Resources 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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Sienna Resources (TSXV:SIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sienna Resources Inc (TSXV:SIE) » Definitions » Momentum Rank

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Traded in Other Exchanges

SNNAF:USA HRJ1:Germany

Address

700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y 1K8

Website

https://www.siennaresources.com

Sienna Resources Inc is an exploration-stage company. It is focused on exploring for and developing high-grade deposits in politically stable, environmentally responsible and ethical mining jurisdictions. The projects of the company are Clayton Valley, Kuusamo project and others. The company operates in one business segment, which is the Acquisition and exploration of mineral properties. It has a business presence in Canada, Finland, the US and other regions.

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