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GoldStone Resources (LSE:GRL) Momentum Rank : 0 (As of May. 17, 2024)


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What is GoldStone Resources Momentum Rank?

GoldStone 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.

GoldStone Resources Momentum Rank Related Terms

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GoldStone Resources (LSE:GRL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldStone Resources Ltd (LSE:GRL) » Definitions » Momentum Rank
Comparable Companies
LSE:SGZ LSE:CORA LSE:GDP LSE:XTR LSE:PAT LSE:CGNR LSE:CNG LSE:GCAT LSE:SRB LSE:WSBN SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL ASX:NCM SHSE:600547 JSE:GFI
Traded in Other Exchanges
N/A
Address
41 The Parade, 2nd Floor, International House, Saint Helier, JEY, JE2 3QQ
Website
https://www.goldstoneresources.com
GoldStone Resources Ltd is an exploration company. Its primary activity is the exploration and mining of gold and associated elements. The company projects include Akrokeri and Homase Licence. It has Exploration and Corporate segments.

GoldStone Resources (LSE:GRL) Headlines

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