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GSP Resource (FRA:0YD) Momentum Rank : 0 (As of Dec. 11, 2024)


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What is GSP Resource Momentum Rank?

GSP Resource 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.

GSP Resource Momentum Rank Related Terms

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GSP Resource Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GSP Resource Corp (FRA:0YD) » Definitions » Momentum Rank
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Traded in Other Exchanges
GSRCF:USA 0YD:Germany GSPR:Canada
Address
777 Dunsmuir Street, Suite 1610, Vancouver, BC, CAN, V7Y 1K4
Website
https://www.gspresource.com
GSP Resource Corp is a Canada based natural resource company engaged in the acquisition and exploration of mining properties. Its main emphasis is on the exploration of sulphide deposits with gold, platinum and palladium deposits in the Similkameen Mining Division, British Columbia. Its property holding includes Olivine Property. It has one operating segment being exploration of mineral properties in Canada.

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