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SDRC (Sidney Resources) Momentum Rank : 0 (As of Sep. 24, 2024)


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What is Sidney Resources Momentum Rank?

Sidney 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.

Sidney Resources Momentum Rank Related Terms

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Sidney Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sidney Resources Corp (OTCPK:SDRC) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
505 E Front Avenue, Suite 202, Coeur D Alene, ID, USA, 83814
Website
https://www.sidneyresourcescorporation.com
Sidney Resources Corp mineral exploration and development company actively engaged in the acquisition, exploration, and production of gold and silver properties. It is currently focused on the development and production of three patented claims and fourteen unpatented claims located in the Warren Mine District of Idaho. It includes Precious metals, mining, processing & marketing. Technology research and development for use in mining and construction applications.