New Klondike Exploration (New Klondike Exploration) Momentum Rank : 0 (As of Jun. 06, 2024)

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What is New Klondike Exploration Momentum Rank?

New Klondike 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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New Klondike Exploration (New Klondike Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Klondike Exploration Ltd (OTCPK:URPLF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 King Street West, Suite 3400, One First Canadian Place, Toronto, ON, CAN, M5X 1A4

Website

http://www.newklondike.com

New Klondike Exploration Ltd is a junior exploration company. It is engaged in the acquisition, exploration, and development of mineral properties. Its mineral exploration projects include the Goldstorm project, the Nickel Offsets property, and the Santa Maria project.

New Klondike Exploration (New Klondike Exploration) Headlines

From GuruFocus

New Klondike Director Appointment and Resignation

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