Westhaven Gold (Westhaven Gold) Momentum Rank : 4 (As of May. 25, 2024)

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What is Westhaven Gold Momentum Rank?

Westhaven Gold has the Momentum Rank of 4.

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.

Competitive Comparison of Westhaven Gold's Momentum Rank

For the Gold subindustry, Westhaven Gold'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.

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

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

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

Westhaven Gold Momentum Rank Related Terms

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Westhaven Gold (Westhaven Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westhaven Gold Corp (OTCPK:WTHVF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

1W5:Germany WHN:Canada

Address

1056-409 Granville Street, Vancouver, BC, CAN, V6C 1T2

Website

https://www.westhavengold.com

Westhaven Gold Corp is a Canada based exploration company. It is engaged the acquisition and exploration and evaluation activities. The company's properties include the Shovelnose gold property, Prospect valley gold property, Skoonka creek property and Skoonka north gold property.

Westhaven Gold (Westhaven Gold) Headlines

From GuruFocus

Westhaven Announces Voting Results From 2023 Annual General Meeting

By GlobeNewswire • 09-22-2023

Westhaven Shareholders Approve All Motions Put Forth at AGM

By GlobeNewswire GlobeNewswire • 12-13-2019

Westhaven Announces Stock Option Grant

By GlobeNewswire GlobeNewswire • 04-22-2021

Westhaven Drills 12.66 Metres of 39.31 g/t Gold and 133.11 g/t Silver at Shovelnose

By GlobeNewswire GlobeNewswire • 03-18-2019

Westhaven Increases Size of Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 07-28-2022