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Excellon Resources (Excellon Resources) Momentum Rank : 5 (As of May. 23, 2024)


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What is Excellon Resources Momentum Rank?

Excellon Resources has the Momentum Rank of 5.

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 Excellon Resources's Momentum Rank

For the Silver subindustry, Excellon 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.

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

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

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


Excellon Resources Momentum Rank Related Terms

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Excellon Resources (Excellon Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Excellon Resources Inc (OTCPK:EXNRF) » Definitions » Momentum Rank
Comparable Companies
TSXV:RSMX TSXV:ZAC TSXV:EML TSX:MSV TSXV:KS TSXV:APGO XCNQ:LIDO TSXV:RSLV TSXV:SPD TSXV:AGMR TSX:FR TSX:MAG TSX:AYA TSX:SVM TSX:DSV TSXV:DV ASX:SVL TSXV:BIG TSXV:APM TSXV:SVRS
Traded in Other Exchanges
E4X2:Germany EXN:Canada
Address
10 King Street East, Suite 200, Toronto, ON, CAN, M5C 1C3
Website
http://www.excellonresources.com
Excellon Resources Inc is involved in the exploration, development and extraction of silver, lead and zinc metals. It mainly operates in Mexico and Canada. The Mexican operations consist of the Platosa property which is a commercial production property earning most of its revenue through the sale of silver- lead concentrate and silver-zinc concentrate whereas Canadian operations are principally engaged in the acquisition, exploration, and evaluation of mining properties in Quebec. It has two reportable segments, Mexico and Corporate.