Antler Gold (Antler Gold) Momentum Rank : 8 (As of Jun. 24, 2024)

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What is Antler Gold Momentum Rank?

Antler Gold has the Momentum Rank of 8.

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 Antler Gold's Momentum Rank

For the Gold subindustry, Antler 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.

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

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

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

Antler Gold Momentum Rank Related Terms

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Antler Gold (Antler Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Antler Gold Inc (OTCPK:ALRGF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ANTL:Canada

Address

1969 Upper Water Street, Suite 2001, Halifax, NS, CAN, B3J 3R7

Website

https://www.antlergold.com

Antler Gold Inc is a Canada based company engaged in the exploration and development of mineral properties. Its projects include the Erongo gold project and others.