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Big River Gold (ASX:BRV) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Big River Gold Momentum Rank?

Big River Gold 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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Big River Gold (ASX:BRV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Big River Gold Ltd (ASX:BRV) » Definitions » Momentum Rank
Comparable Companies
ASX:OKU ASX:OBM ASX:KIN ASX:BC8 ASX:BRB ASX:KAI ASX:RND ASX:AUC ASX:MEK ASX:TTM NEM SHSE:601899 TSX:ABX TSX:FNV TSX:AEM TSX:WPM SHSE:600547 ASX:NCM JSE:GFI RGLD
Traded in Other Exchanges
N/A
Address
25 Richardson Street, Ground Floor, Perth, WA, AUS, 6005
Website
https://www.bigrivergold.com.au
Big River Gold Ltd is a specialized minerals exploration company focused on advancing its wholly-owned core projects in Brazil across the project exploration and development curve. It operates in two geographical areas being Australia and Brazil. The company projects include the Borborema Gold project is located in the Serido area of the Borborema province, within the State of Rio Grande do Norte in northeastern Brazil.

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