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Puma Exploration (TSXV:PUMA) Momentum Rank : 0 (As of May. 20, 2024)


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What is Puma Exploration Momentum Rank?

Puma Exploration 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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Puma Exploration (TSXV:PUMA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Puma Exploration Inc (TSXV:PUMA) » Definitions » Momentum Rank
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Traded in Other Exchanges
PUMXF:USA
Address
175, Legare Street, Rimouski, QC, CAN, G5L 3B9
Website
http://www.explorationpuma.com
Puma Exploration Inc is a Canadian-based mineral exploration company. It focuses on the discovery of precious metals orebodies in the Bathurst Mining Camp (BMC) in New Brunswick. The company made several gold discoveries at its flagship Williams Brook property. Puma is focused on generating maximum shareholder value through its development, exploration, acquisition, and royalties (DEAR) strategy.
Executives
Marcel Robillard Director, Senior Officer

Puma Exploration (TSXV:PUMA) Headlines

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