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Black Dragon Gold (FRA:CDC) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Black Dragon Gold Momentum Rank?

Black Dragon 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.


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Black Dragon Gold (FRA:CDC) Business Description

Traded in Other Exchanges
Address
65 Rodney Road, Ground Floor, Regent House, Gloucestershire, Cheltenham, GBR, GL50 1HX
Black Dragon Gold Corp is a Canada-based junior mining company. It is engaged in the acquisition, exploration of exploration and evaluation of assets located in Spain. The firm through its subsidiary, Exploraciones Mineras del Cantabrico SL (EMC), holds an interest in the Salave Gold Property.

Black Dragon Gold (FRA:CDC) Headlines

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