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FireFox Gold (FireFox Gold) Momentum Rank : 0 (As of May. 24, 2024)


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What is FireFox Gold Momentum Rank?

FireFox 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.

FireFox Gold Momentum Rank Related Terms

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FireFox Gold (FireFox Gold) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » FireFox Gold Corp (OTCPK:FFOXF) » Definitions » Momentum Rank
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Traded in Other Exchanges
FIY:Germany FFOX:Canada
Address
1021 West Hastings Street, Suite 650, Vancouver, BC, CAN, V6C 0C3
Website
https://www.firefoxgold.com
FireFox Gold Corp is a gold discovery company. The Company is engaged in the exploration and development of gold properties in Finland. Its large portfolio of strategically located gold projects includes Jeesio, Mustajarvi, and Sarvi, all based in the Central Lapland Greenstone Belt of northern Finland. The operations of the company are conducted in two reportable segments Mineral Exploration in Finland and Corporate Operations in Canada.