Infinito Gold (Infinito Gold) Momentum Rank : 0 (As of Jun. 10, 2024)

View and export this data going back to . Start your Free Trial

What is Infinito Gold Momentum Rank?

Infinito 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.

Infinito Gold Momentum Rank Related Terms

Thank you for viewing the detailed overview of Infinito Gold's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Infinito Gold (Infinito Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infinito Gold Ltd (OTCPK:IGFFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1100 1st Street, Suite 600, Calgary, AB, CAN, T2G 1B1

Website

http://www.infinitogold.com

Infinito Gold Ltd is a Canadian based company, engaged in the exploration and development activity. The business activity of the group includes acquisition, exploration, and development of mineral interests primarily in Costa Rica. The company primarily explores for gold and holds an interest in the activity of the Crucitas project located in Northern Costa Rica.

Infinito Gold (Infinito Gold) Headlines

No Headlines