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Pasinex Resources (Pasinex Resources) Momentum Rank : 0 (As of May. 22, 2024)


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What is Pasinex Resources Momentum Rank?

Pasinex 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.

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Pasinex Resources (Pasinex Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pasinex Resources Ltd (OTCPK:PSXRF) » Definitions » Momentum Rank
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Traded in Other Exchanges
PNX:Germany PSE:Canada
Address
2900-550 Burrard Street, Vancouver, BC, CAN, V6C 0A3
Website
https://www.pasinex.com
Pasinex Resources Ltd is engaged in the acquisition, exploration and development of mineral properties. The company holds interest in the projects Pinargozu Zinc Mine, Gunman project and Akkaya property. The company has a business presence in Turkey, Canada and the U.S. It has one operating segment, acquisition, exploration and development of mineral properties.

Pasinex Resources (Pasinex Resources) Headlines

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