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Opawica Explorations (TSXV:OPW) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Opawica Explorations Momentum Rank?

Opawica Explorations 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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Opawica Explorations (TSXV:OPW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Opawica Explorations Inc (TSXV:OPW) » Definitions » Momentum Rank
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XCNQ:NATN TSXV:SA.H TSXV:XND XCNQ:GRAY TSXV:PPM TSXV:NXS TSXV:RTM XCNQ:METL TSXV:AORO TSXV:CAND SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 MIC:PLZL JSE:GFI ASX:NST
Traded in Other Exchanges
OPWEF:USA OE5:Germany
Address
625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6
Website
https://www.opawica.com
Opawica Explorations Inc is a Canadian-based company engaged in the business of exploration and evaluation of mineral properties. The company owns an interest in several properties including, Arrowhead Gold Property, Bazooka East Gold Property, Bazooka West Gold Property, and others.
Executives
Blake Morgan Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Opawica Explorations (TSXV:OPW) Headlines

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