Auxico Resources Canada (FRA:A0H) Momentum Rank : 1 (As of Jun. 21, 2024)

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What is Auxico Resources Canada Momentum Rank?

Auxico Resources Canada has the Momentum Rank of 1.

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 Auxico Resources Canada's Momentum Rank

For the Other Precious Metals & Mining subindustry, Auxico Resources Canada'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.

Auxico Resources Canada's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Auxico Resources Canada's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Auxico Resources Canada's Momentum Rank falls into.

Auxico Resources Canada Momentum Rank Related Terms

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Auxico Resources Canada (FRA:A0H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Auxico Resources Canada Inc (FRA:A0H) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

201 Rue Notre-Dame, West, Suite 500, Montreal, QC, CAN, H2Y 1T4

Website

http://www.auxicoresources.com

Auxico Resources Canada Inc is a mineral exploration company. It explores silver-gold properties in the state of Sinaloa, Mexico. It is also actively engaged in exploration mining opportunities in Colombia, Brazil, the Democratic Republic of the Congo, and Bolivia with a focus on the production of critical metals and rare earth elements.

Auxico Resources Canada (FRA:A0H) Headlines

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