GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metals Creek Resources Corp (OTCPK:MCREF) » Definitions » Momentum Rank

Metals Creek Resources (Metals Creek Resources) Momentum Rank : 0 (As of Apr. 30, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Metals Creek Resources Momentum Rank?

Metals Creek 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.

Metals Creek Resources Momentum Rank Related Terms

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

Metals Creek Resources (Metals Creek Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metals Creek Resources Corp (OTCPK:MCREF) » Definitions » Momentum Rank
Comparable Companies
TSXV:AME TSXV:LL TSXV:CBA TSXV:MARV TSXV:MCU.H XCNQ:GLM XCNQ:EOM XCNQ:STGX TSXV:NRN XCNQ:BATX ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
MEK:Canada
Address
No.329-1100 Memorial Ave, Thunder Bay, ON, CAN, P7B 4A3
Website
https://www.metalscreek.com
Metals Creek Resources Corp is an exploration stage company engaged in the exploration of mineral resource properties. Its activities include prospecting, sampling, geological mapping and geophysical surveying, trenching, and diamond drilling. The company's project portfolio includes Ogden, Dona Lake and others.

Metals Creek Resources (Metals Creek Resources) Headlines

From GuruFocus

Metals Creek Initiates Deep Section IP Program on the Ogden Gold Project

By ACCESSWIRE ACCESSWIRE • 11-12-2021