Sabre Gold Mines (FRA:7AZ) Momentum Rank : 9 (As of May. 25, 2024)

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What is Sabre Gold Mines Momentum Rank?

Sabre Gold Mines has the Momentum Rank of 9.

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.

Competitive Comparison of Sabre Gold Mines's Momentum Rank

For the Gold subindustry, Sabre Gold Mines's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sabre Gold Mines's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sabre Gold Mines's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sabre Gold Mines's Momentum Rank falls into.

Sabre Gold Mines Momentum Rank Related Terms

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Sabre Gold Mines (FRA:7AZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sabre Gold Mines Corp (FRA:7AZ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SGLDF:USA 7AZ:Germany SGLD:Canada

Address

200 Burrard Street, Suite 250, Vancouver, BC, CAN, V6C 3L6

Website

https://www.sabre.gold

Sabre Gold Mines Corp is a mineral exploration and development company currently focused on advancing the fully permitted past-producing Copperstone mine and on the past-producing Brewery Creek mine. Its project is situated within the Arizona portion of the Prolific Walker Lane Belt in the Southwestern United States. It operates Gold Mine in La Paz County, Arizona, United States, and the Brewery Creek property in the Yukon, Canada.

Sabre Gold Mines (FRA:7AZ) Headlines

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