Scotgold Resources (AQSE:SGZ.GB) Momentum Rank : 2 (As of May. 15, 2024)

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What is Scotgold Resources Momentum Rank?

Scotgold Resources has the Momentum Rank of 2.

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 Scotgold Resources's Momentum Rank

For the Gold subindustry, Scotgold 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.

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

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

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

Scotgold Resources Momentum Rank Related Terms

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Scotgold Resources (AQSE:SGZ.GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Scotgold Resources Ltd (AQSE:SGZ.GB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

189 Stirling Highway, Suite 4, Nedlands, Perth, WA, AUS, 6009

Website

https://www.scotgoldresources.com

Scotgold Resources Ltd is a mineral exploration company that offers opportunities to investors to invest in the increasingly attractive gold mining industry through the development of the Cononish Mine in Scotland and exploration in Scotland and other low-risk jurisdictions. The Cononish gold and silver deposit form the core economic basis of the company's Grampian Project. The company's operating segment includes Scotland Production; Scotland Exploration; Australia and others.

Scotgold Resources (AQSE:SGZ.GB) Headlines

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