Probe Gold (Probe Gold) Momentum Rank : 7 (As of May. 24, 2024)

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What is Probe Gold Momentum Rank?

Probe Gold has the Momentum Rank of 7.

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.

Competitive Comparison of Probe Gold's Momentum Rank

For the Gold subindustry, Probe Gold's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Probe Gold's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Probe Gold's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Probe Gold's Momentum Rank falls into.

Probe Gold Momentum Rank Related Terms

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Probe Gold (Probe Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Probe Gold Inc (OTCPK:PROBF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

V46:Germany PRB:Canada

Address

56 Temperance Street, Suite 1000, Toronto, ON, CAN, M5H 3V5

Website

https://www.probegold.com

Probe Gold Inc is a gold exploration company focused on the acquisition, exploration, and development of prospective gold properties. The company is committed to discovering and developing high-quality gold projects, including its key asset the multimillion-ounce Novador Gold Project, Québec.

Probe Gold (Probe Gold) Headlines

From GuruFocus

Probe Metals Announces $10 Million Private Placement

By GlobeNewswire GlobeNewswire • 11-04-2020

Probe Gold Announces Results of Annual General Meeting and Retirement of Directors

By GlobeNewswire GlobeNewswire • 06-13-2023

Probe Metals Reports Gold Recoveries above 95% at the Val d'Or East Project

By GlobeNewswire GlobeNewswire • 04-20-2021

Probe Metals Completes $17 Million Bought Deal Private Placement

By GlobeNewswire GlobeNewswire • 12-10-2019

Probe Metals Announces Upsize of Private Placement to $10.5 Million

By GlobeNewswire GlobeNewswire • 06-08-2022

Probe Metals Announces Filing of NI 43-101 Technical Report on the Val-d'Or East Project, Quebec

By GlobeNewswire GlobeNewswire • 03-29-2018

Probe Gold Files NI 43-101 Technical Report for Monique Deposit, Novador Project

By GlobeNewswire GlobeNewswire • 03-02-2023