Greatland Gold (FRA:G8G) Momentum Rank : 9 (As of Mar. 28, 2025)

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What is Greatland Gold Momentum Rank?

Greatland Gold has the Momentum Rank of 9.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Greatland Gold's Momentum Rank

For the Gold subindustry, Greatland Gold'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.

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

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

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

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Greatland Gold Momentum Rank Related Terms

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Greatland Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greatland Gold PLC (FRA:G8G) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GRLGF:USA GGP:UK G8G:Germany

Address

C/o Druces LLP, Salisbury House, London Wall, London, GBR, EC2M 5PS

Website

https://greatlandgold.com

Greatland Gold PLC is a mining development and exploration company with a focus on precious and base metals. Greatland operates one segment being Exploration and Evaluation of Minerals and Mine Development. It operates in two geographic segments: the United Kingdom and Australia. The Company's flagship asset is the Havieron gold-copper deposit in the Paterson region of Western Australia. Some of its other projects include Juri, Scallywag, Rudall & Canning, Ernest Giles, Panorama, Bromus, Firetower, and Warrentinna.

Greatland Gold Headlines

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