BMEX Gold (TSXV:BMEX) Momentum Rank : 1 (As of May. 21, 2024)

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What is BMEX Gold Momentum Rank?

BMEX 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 BMEX Gold's Momentum Rank

For the Gold subindustry, BMEX 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.

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

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

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

BMEX Gold Momentum Rank Related Terms

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BMEX Gold (TSXV:BMEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BMEX Gold Inc (TSXV:BMEX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MRIRF:USA 8M0:Germany

Address

1177 W Hastings Street, Suite 2700, Vancouver, BC, CAN, V6E 2K3

Website

https://www.bmexgold.com

BMEX Gold Inc is a junior Canadian mining exploration company with the objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec, Canada. It is fully focused on earning interest in its two projects, both located in the prolific Abitibi greenstone belt namely King Tut Gold Property, and Dunlop Bay Gold Property. It is engaged in the exploration and evaluation of mineral properties in Canada.

BMEX Gold (TSXV:BMEX) Headlines

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