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Brightstar Resources (ASX:BTR) Momentum Rank : 0 (As of May. 25, 2024)


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What is Brightstar Resources Momentum Rank?

Brightstar 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.

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Brightstar Resources (ASX:BTR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brightstar Resources Ltd (ASX:BTR) » Definitions » Momentum Rank
Comparable Companies
ASX:IR1 ASX:TAM ASX:KSN ASX:TSO ASX:POL ASX:MMC ASX:TTM ASX:FML ASX:MAG ASX:MEK SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 JSE:GFI MIC:PLZL ASX:NST
Traded in Other Exchanges
N/A
Address
36 Rowland Street, Level 2, Subiaco, WA, AUS, 6008
Website
http://www.brightstarresources.com.au
Brightstar Resources Ltd is a gold exploration company. It is engaged in the exploration, mining, and processing of gold. The project portfolio includes the Cork Tree Well, Alpha, and Beta.

Brightstar Resources (ASX:BTR) Headlines