Antioquia Gold (Antioquia Gold) Momentum Rank : 0 (As of May. 20, 2024)

View and export this data going back to 2009. Start your Free Trial

What is Antioquia Gold Momentum Rank?

Antioquia Gold 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.

Antioquia Gold Momentum Rank Related Terms

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

Antioquia Gold (Antioquia Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Antioquia Gold Inc (OTCPK:AGDXF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Toronto Street, Suite 106, Toronto, ON, CAN, M5C 2B5

Website

https://www.antioquiagoldinc.com

Antioquia Gold Inc is a Canada-based mineral exploration and development company. It is engaged in the acquisition, exploration, evaluation, and development of mineral resource properties in Colombia. The company's project includes the Cisneros project. The project covers approximately 5,630 hectares and is located in the central portion of the department of Antioquia, about 80 kilometers northeast of Medellin. The Company has one operating and reporting segment in mining which operates in one geographic area - Colombia and is listed in Canada.

Antioquia Gold (Antioquia Gold) Headlines

No Headlines