G11 Resources (ASX:G11) Momentum Rank : 0 (As of Mar. 03, 2025)

View and export this data going back to 2010. Start your Free Trial

What is G11 Resources Momentum Rank?

G11 Resources has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

G11 Resources Momentum Rank Related Terms

Thank you for viewing the detailed overview of G11 Resources's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

G11 Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G11 Resources Ltd (ASX:G11) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.g11resources.com.au

G11 Resources Ltd is engaged in the exploration of minerals. The firm's projects are Sturgeon Lake Zinc-Copper Project, Monte Azul Project and Koonenberry Project. Geographically, the company operates in Australia, Brazil, and Canada. It operates in one segment being the evaluation and exploration of resources in Australia.

G11 Resources Headlines

No Headlines