GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Argos Resources Ltd (OTCPK:AORGF) » Definitions » Momentum Rank

Argos Resources (Argos Resources) Momentum Rank : 0 (As of Jun. 07, 2024)


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

What is Argos Resources Momentum Rank?

Argos 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.

Argos Resources Momentum Rank Related Terms

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

Argos Resources (Argos Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Argos Resources Ltd (OTCPK:AORGF) » Definitions » Momentum Rank
Comparable Companies
LSE:NTOG LSE:AST LSE:WTE LSE:GBP LSE:PET LSE:MSMN LSE:LOGP LSE:SCIR LSE:CAD LSE:CORO COP EOG TSX:CNQ PXD HKSE:00883 OXY MIC:NVTK DVN HES CTRA
Traded in Other Exchanges
N/A
Address
H Jones Road, Argos House, Stanley, FLK, FIQQ 1ZZ
Website
http://www.argosresources.com
Argos Resources Ltd is an oil and gas exploration company based in the Falkland Islands. Its principal asset is a 100 percent interest in production licence PL001 covering an area of approximately 1,126 square kilometres in the North Falkland Basin.

Argos Resources (Argos Resources) Headlines

No Headlines