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Red Metal Resources (Red Metal Resources) Momentum Rank : 0 (As of Jun. 22, 2024)


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What is Red Metal Resources Momentum Rank?

Red Metal 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.

Red Metal Resources Momentum Rank Related Terms

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Red Metal Resources (Red Metal Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Metal Resources Ltd (OTCPK:RMESF) » Definitions » Momentum Rank
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Traded in Other Exchanges
RMES:Canada
Address
1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4
Website
https://www.redmetalresources.com
Red Metal Resources Ltd is involved in acquiring and exploring mineral properties in Chile. The company's interest in exploration and evaluation assets consisted of three active copper-gold projects on two properties, namely the Farellon and Perth Projects both located on the Carrizal Property, and the Mateo Project located on the Mateo Property.
Executives
Richard Jeffs 10 percent owner FLAT 7, 6 ENNISMORE GARDENS, LONDON X0 SW7 1NL
Caitlin Jeffs director 195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Jeffrey Cocks director 118 8TH AVE. NW, CALGARY A0 T2M 0A4
Michael Thompson director 195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Mcfarlane Cody Michael director PUNTA NOGALES 1324, HOUSE 19, SANTIAGO F3 000000
Joao Dacosta officer: Chief Financial Officer #810 - 789 WEST PENDER STREET, VANCOUVER A1 V6C 1H2
Susan Jeffs 10 percent owner 4 MONTPELIER STREET, SUITE 521, LONDON X0 SW7 1EE
Robert Andjelic 10 percent owner P.O. BOX 69, MILLARVILLE A0 1KO
Laboa Holdings Inc. 10 percent owner SUITE 1-A, #5, CALLE EUSEBIO A. MORALES, EL CANGREJO, PANAMA CITY R1 00000
Kevin Mitchell 10 percent owner ALONSO DE ERCILLA #733, VALLENAR F3 00000
Cicco John Di director, 10 percent owner, officer: CEO, President, and CFO 10168 LAWSON DRIVE, RICHMOND A1 V7E 5M3

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