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Desert Gold Ventures (TSXV:DAU) Momentum Rank : 0 (As of May. 28, 2024)


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What is Desert Gold Ventures Momentum Rank?

Desert Gold Ventures 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.

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Desert Gold Ventures (TSXV:DAU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Desert Gold Ventures Inc (TSXV:DAU) » Definitions » Momentum Rank
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TSXV:APN TSX:ELEF XCNQ:VOY XCNQ:GURN TSXV:TWR TSXV:COR TSXV:SUI TSXV:CPAU TSXV:RUG XCNQ:NTMC ASX:BHP ASX:RIO LSE:RIO LSE:GLEN ASX:FMG BSP:VALE3 SAU:1211 GMEXICOB LSE:AAL BOM:500188
Traded in Other Exchanges
DAUGF:USA QXR2:Germany
Address
9648-128th Street, Suite 210, Surrey, BC, CAN, V3T 2X9
Website
https://www.desertgold.ca
Desert Gold Ventures Inc is an exploration stage company. It is principally engaged in the business of acquisition, exploration, and development of mineral resource properties. The company conducts mineral property exploration in Mali and Rwanda. It holds an interest in Farabantourou exploration, Djimbala, and SMSZ project.
Executives
Don Dudek Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Desert Gold Ventures (TSXV:DAU) Headlines

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