GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Mountain Ltd (ASX:GMN) » Definitions » Momentum Rank

Gold Mountain (ASX:GMN) Momentum Rank : 0 (As of May. 28, 2024)


View and export this data going back to 2011. Start your Free Trial

What is Gold Mountain Momentum Rank?

Gold Mountain 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.

Gold Mountain Momentum Rank Related Terms

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

Gold Mountain (ASX:GMN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Mountain Ltd (ASX:GMN) » Definitions » Momentum Rank
Comparable Companies
ASX:WCN ASX:MZZ ASX:OZM ASX:PRX ASX:HMG ASX:CTO ASX:GMR ASX:MRZ ASX:GPR ASX:PGD SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL SHSE:600547 ASX:NCM JSE:GFI
Traded in Other Exchanges
N/A
Address
24/589 Stirling Highway, Cottesloe, WA, AUS, 6011
Website
https://www.goldmountainltd.com.au
Gold Mountain Ltd is engaged in exploring, and developing areas that are prospective for gold and other precious and base metals and minerals. The company's geographical segment includes Australia, Brazil and Papua New Guinea. It generates maximum revenue from Australia. Some of its projects include the Wabag Project and Mongae Creek.

Gold Mountain (ASX:GMN) Headlines

No Headlines