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Amani Gold (Amani Gold) Momentum Rank : 0 (As of May. 01, 2024)


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What is Amani Gold Momentum Rank?

Amani 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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Amani Gold (Amani Gold) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amani Gold Ltd (OTCPK:BRYYF) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
295 Rokeby Road, Suite 1, Subiaco, Perth, WA, AUS, 6108
Website
https://www.amanigold.com
Amani Gold Ltd is an Australian based mineral exploration company. It is involved in the acquisition and exploration of mineral interest, prospective for precious metals and energy. The company's operating segment includes Mineral Exploration and Gold Trading in Africa. The company holds an interest in the Giro Gold Project located in the North-East Democratic Republic of Congo.

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