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Cypress Hills Resource (TSXV:CHY.H) Momentum Rank : 0 (As of Oct. 09, 2024)


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What is Cypress Hills Resource Momentum Rank?

Cypress Hills Resource 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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Cypress Hills Resource Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cypress Hills Resource Corp (TSXV:CHY.H) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
595 Burrard Street, P.O. Box 49131, Suite 1703, Three Bentall Centre, Vancouver, BC, CAN, V7X 1J1
Website
http://www.cypresshillsresource.com
Cypress Hills Resource Corp is engaged in the mineral exploration business. It holds an interest in the Amar Property which is a 418 hectares of exploration-stage graphite property in British Columbia, Canada.
Executives
Theodore(ted) John Fostey Director
Robert Douglas Cudney 10% Security Holder
Brian Eric Bayley Director
Alistair Murray Sinclair 10% Security Holder

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