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Goldstorm Metals (Goldstorm Metals) Momentum Rank : 0 (As of May. 24, 2024)


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What is Goldstorm Metals Momentum Rank?

Goldstorm Metals 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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Goldstorm Metals (Goldstorm Metals) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldstorm Metals Corp (OTCPK:GSTMF) » Definitions » Momentum Rank
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YETI PRKA LTH BOWL ESCA MODG SIX GOLF LEAT SEAS SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL ASX:NCM SHSE:600547 JSE:GFI
Traded in Other Exchanges
B2U:Germany GSTM:Canada
Address
999 West Hastings Street, Suite 789, Vancouver, BC, CAN, V6C 2W2
Website
https://www.goldstormmetals.com
Goldstorm Metals Corp is a metal exploration company. The company is a New Precious Metals Explorer in the Golden Triangle of British Columbia that hosts gold deposits in world. The company is involved in the acquisition and exploration of mineral properties in Canada focused on Crown projects.

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