Fremont Gold (FRA:FR20) Momentum Rank : 1 (As of May. 21, 2024)

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What is Fremont Gold Momentum Rank?

Fremont Gold has the Momentum Rank of 1.

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 Fremont Gold's Momentum Rank

For the Gold subindustry, Fremont Gold'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.

Fremont Gold's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Fremont Gold's Momentum Rank falls into.

Fremont Gold Momentum Rank Related Terms

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Fremont Gold (FRA:FR20) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fremont Gold Ltd (FRA:FR20) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FRERF:USA FRE:Canada

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.fremontgold.net

Fremont Gold Ltd is a Canadian exploration company. It is engaged in the acquisition and exploration of mineral properties. Its project portfolio includes North Carlin, Cobb Creek, Griffon, Hurricane, and other properties. The company has a presence in Canada and the United States.

Fremont Gold (FRA:FR20) Headlines

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