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GQMLF (Great Quest Gold) Momentum Rank : 0 (As of Dec. 12, 2024)


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What is Great Quest Gold Momentum Rank?

Great Quest 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.


Great Quest Gold Momentum Rank Related Terms

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Great Quest Gold Business Description

Traded in Other Exchanges
Address
595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5
Great Quest Gold Ltd is a resource development company. The company is engaged in the exploration and development of African gold projects. The company's project consists of Tilemsi phosphate located in eastern Mali and Sanoukou gold project.

Great Quest Gold Headlines

From GuruFocus

Great Quest Announces Change of Auditor

By GlobeNewswire 10-16-2023

Great Quest Closes Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire 02-16-2022

Tests Confirm Tilemsi Phosphate Clean Exceeding International Standards

By GlobeNewswire GlobeNewswire 05-09-2018