Rainforest Resources (Rainforest Resources) Momentum Rank : 1 (As of May. 16, 2024)

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What is Rainforest Resources Momentum Rank?

Rainforest Resources has the Momentum Rank of 1.

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.

Competitive Comparison of Rainforest Resources's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Rainforest Resources's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rainforest Resources's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rainforest Resources's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Rainforest Resources's Momentum Rank falls into.

Rainforest Resources Momentum Rank Related Terms

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Rainforest Resources (Rainforest Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rainforest Resources Inc (OTCPK:RRIF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

936 SW 1st Avenue, Unit 299, Miami, FL, USA, 33130

Website

https://www.rainforestresourcesinc.com

Rainforest Resources Inc is a development stage natural resource company. The main purpose is to produce certified carbon credits for certain companies in the countries that need to in order to avoid sanctions as stipulated by the Kyoto Protocol. It provides the production, transportation, and delivery of the water that form the property. Its properties are found in the tropical rainforest of Ecuador. The company intends to maintain and improve land so that all species and wildlife live as one with the forestry. In addition, the company's rainforest properties produce oxygen and carbon dioxide sequestration and endemic plants that can be used in medicine.

Executives

Bradley Wilson

officer: President

1794 BAY DR POMPANO BEACH FL 33062

Rainforest Resources (Rainforest Resources) Headlines

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