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GPACF (Geopacific Resources) Momentum Rank : 0 (As of Dec. 13, 2024)


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What is Geopacific Resources Momentum Rank?

Geopacific Resources 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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Geopacific Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Geopacific Resources Ltd (OTCPK:GPACF) » Definitions » Momentum Rank
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Traded in Other Exchanges
GPR:Australia
Address
278 Stirling Highway, Level 1, Claremont, Perth, WA, AUS, 6010
Website
https://www.geopacific.com.au
Geopacific Resources Ltd is an Australia-based company engaged in the mineral development and exploration focused on gold deposits in Papua New Guinea. The company's project are Woodlark Gold Project. The Group was organized into three operating segments based on geographical locations, which involve mineral exploration and development in PNG and all other segments, which incorporate the minor activities conducted during the period in Cambodia and Fiji. All other corporate expenses are disclosed as "Corporate" within this segment report.

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