Lincoln Gold Mining (TSXV:LMG) Momentum Rank : 7 (As of May. 12, 2024)

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What is Lincoln Gold Mining Momentum Rank?

Lincoln Gold Mining has the Momentum Rank of 7.

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.

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Competitive Comparison of Lincoln Gold Mining's Momentum Rank

For the Gold subindustry, Lincoln Gold Mining'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.

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

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

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

Lincoln Gold Mining Momentum Rank Related Terms

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Lincoln Gold Mining (TSXV:LMG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LNCLF:USA

Address

789 West Pender Street, Suite 400, Vancouver, BC, CAN, V6C 1H2

Website

http://www.lincolnmining.com

Lincoln Gold Mining Inc is a precious metal exploration and development company. It holds an interest in several projects which are in various stages of exploration which include the Pine Grove property located in Nevada, USA, and the Shawinigan located in Canada. The company operates through a single segment which is the Acquisition, exploration, and evaluation of mineral properties. The Company operates within two geographic areas - the United States of America and Canada.

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