GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Q-Gold Resources Ltd (TSXV:QGR) » Definitions » Momentum Rank

Q-Gold Resources (TSXV:QGR) Momentum Rank : 0 (As of Jun. 07, 2024)


View and export this data going back to 1998. Start your Free Trial

What is Q-Gold Resources Momentum Rank?

Q-Gold Resources 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.

Q-Gold Resources Momentum Rank Related Terms

Thank you for viewing the detailed overview of Q-Gold Resources's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Q-Gold Resources (TSXV:QGR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Q-Gold Resources Ltd (TSXV:QGR) » Definitions » Momentum Rank
Comparable Companies
XCNQ:AGE TSXV:ETF TSXV:CRB TSXV:TRS TSXV:TGX XCNQ:MY TSXV:KAPA TSXV:MTH TSXV:CLUS TSXV:MTX ISX:AMMN JSE:AMS SZSE:000975 MIC:ALRS LSE:FRES JSE:IMP ISX:MBMA LIM:BUENAVC1 TSX:TFPM HL
Traded in Other Exchanges
QGLDF:USA
Address
198 Davenport Road, Toronto, ON, CAN, M5R 1J2
Website
https://www.qgoldresources.com
Q-Gold Resources Ltd is a mineral exploration company. The operations of the company are in Canada and the United States. It has one material operating segment (the exploration of its North American and Peru mineral licences) . Some of the properties of the firm are Foley Mine, McKenzie Gray, Mine Centre, Surupana and many more.
Executives
Sulliden Mining Capital Inc. 10% Security Holder

Q-Gold Resources (TSXV:QGR) Headlines

No Headlines