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Euro Ressources (Euro Ressources) Momentum Rank : 0 (As of Jun. 05, 2024)


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What is Euro Ressources Momentum Rank?

Euro Ressources 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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Euro Ressources (Euro Ressources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Euro Ressources SA (OTCPK:ERRSF) » Definitions » Momentum Rank
Comparable Companies
CTGO DC CMCL RBTK FTCO NGLD GROY IDR AUGG VGZ SHSE:601899 NEM TSX:AEM TSX:ABX TSX:FNV TSX:WPM SHSE:600547 JSE:GFI MIC:PLZL ASX:NST
Traded in Other Exchanges
EUR:France GY5:Germany
Address
23, Rue du Roule, Paris, FRA, 75001
Website
https://www.goldroyalties.com
Euro Ressources SA is a France-based company focused on precious-metal royalties. The company owns royalty interest in the Rosebel gold mine which is located in Suriname. Geographically group functions all its business activity through Canada. Revenue for the firm is generated through royalty interest from the Rosebel gold mine.

Euro Ressources (Euro Ressources) Headlines

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