GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hawthorn Resources Corp (XCNQ:HWTN) » Definitions » Momentum Rank

Hawthorn Resources (XCNQ:HWTN) Momentum Rank : 0 (As of May. 28, 2024)


View and export this data going back to 2023. Start your Free Trial

What is Hawthorn Resources Momentum Rank?

Hawthorn 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.

Hawthorn Resources Momentum Rank Related Terms

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

Hawthorn Resources (XCNQ:HWTN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hawthorn Resources Corp (XCNQ:HWTN) » Definitions » Momentum Rank
Comparable Companies
TSXV:BMK TSXV:DMR TSXV:CIO TSXV:AUEN TSXV:GGM TSXV:PPM TSXV:WKG TSXV:ABM TSXV:EGR XCNQ:NEWD SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL ASX:NCM SHSE:600547 JSE:GFI
Traded in Other Exchanges
N/A
Address
625 Howe Street, Suite 1180, Vancouver, BC, CAN, V6C 2T6
Website
Hawthorn Resources Corp is a mineral exploration company that acquires and explores mineral properties. The company holds an interest in the Broken Handle Project, which is located in British Columbia, Canada. The Broken Handle Project is at an early stage of exploration.

Hawthorn Resources (XCNQ:HWTN) Headlines

No Headlines