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49 North Resources (TSXV:FNR) Momentum Rank : 0 (As of May. 28, 2024)


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What is 49 North Resources Momentum Rank?

49 North 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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49 North Resources (TSXV:FNR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » 49 North Resources Inc (TSXV:FNR) » Definitions » Momentum Rank
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TSX:PDV TSXV:CEP TSX:ENI.UN TSXV:SGE XCNQ:PUMP NEOE:JPEG TSXV:WP XCNQ:QCA TSXV:LITT TSX:AAB BLK BX KKR OSTO:INVE A TSX:BN APO BK AMP XSWX:PGHN OSTO:EQT
Traded in Other Exchanges
FNINF:USA O49:Germany
Address
224 4th Avenue South, Suite 602, Saskatoon, SK, CAN, S7K 5M5
Website
https://www.fnr.ca
49 North Resources Inc is a resource investment, financial, and managerial advisory company. Principally, it is engaged in the business of investing in a diversified portfolio of common shares and other securities of resource issuers. The company invests in assets mainly involved in the mineral or oil and gas exploration and development, with a view to achieving capital appreciation of the portfolio.
Executives
Tom Macneill 10% Security Holder, Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

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