International Iconic Gold Exploration (International Iconic Gold Exploration) Momentum Rank : 0 (As of May. 01, 2024)

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What is International Iconic Gold Exploration Momentum Rank?

International Iconic Gold Exploration 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.

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International Iconic Gold Exploration (International Iconic Gold Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Iconic Gold Exploration Corp (OTCPK:MFMLF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ICON:Canada

Address

700 West Georgia Street, Suite 3020, Vancouver, BC, CAN, V7Y 1K8

Website

https://iconicgold.com

International Iconic Gold Exploration Corp is a resource company. It is engaged in the business of acquiring, exploring, and evaluating mineral resource properties in Argentina. The company's project includes the San Roque gold property.