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Dateline Resources (ASX:DTR) Momentum Rank : 0 (As of May. 25, 2024)


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What is Dateline Resources Momentum Rank?

Dateline 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.

Dateline Resources Momentum Rank Related Terms

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Dateline Resources (ASX:DTR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dateline Resources Ltd (ASX:DTR) » Definitions » Momentum Rank
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Traded in Other Exchanges
DTREF:USA
Address
2 Chifley Square, Level 29, Sydney, NSW, AUS, 2000
Website
https://www.datelineresources.com.au
Dateline Resources Ltd is an Australian-based company focused on gold mining and exploration targets in Colorado located in the United States of America, the Republic of Fiji, and Australia. It derives maximum revenue from the USA. The company's projects include Colosseum Gold Mine; Gold Link; Udu Mine, Colosseum rare earths project and others.

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