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United Paragon Mining (PHS:UPM) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is United Paragon Mining Momentum Rank?

United Paragon Mining 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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United Paragon Mining (PHS:UPM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » United Paragon Mining Corp (PHS:UPM) » Definitions » Momentum Rank
Comparable Companies
PHS:BC PHS:LC SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL SHSE:600547 ASX:NCM JSE:GFI ASX:NST AU SHSE:600489 RGLD TSX:K TSX:PAAS TSX:AGI LSE:EDV
Traded in Other Exchanges
N/A
Address
125 Pioneer Street, 6th Floor, Quad Alpha Centrum, Mandaluyong, PHL, 1550
Website
https://www.unitedparagon.com
United Paragon Mining Corp is a mining company whose main business is the exploration, development, exploitation, recovery, and sale of Gold. The company has leased properties and mineral applications in the area. The company's principal mining operation is the Longos Mine at Paracale, Camarines Norte. The firm has only one operating segment which is Mining with operations mainly in the Philippines.

United Paragon Mining (PHS:UPM) Headlines

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