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BlackGold Natural Resources (SGX:41H) Momentum Rank : 0 (As of May. 27, 2024)


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What is BlackGold Natural Resources Momentum Rank?

BlackGold Natural 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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BlackGold Natural Resources (SGX:41H) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » BlackGold Natural Resources Ltd (SGX:41H) » Definitions » Momentum Rank
Comparable Companies
SGX:I49 SGX:BLW SGX:5GI SGX:595 SGX:BKV SGX:1F0 SGX:BFU SGX:AWC SGX:BFK SGX:BHU SHSE:601088 BOM:512599 SHSE:601225 SHSE:600188 SHSE:601898 NSE:COALINDIA ISX:BYAN SZSE:000983 SHSE:601699 ISX:ADRO
Traded in Other Exchanges
N/A
Address
7 Temasek Boulevard, No. 08-07, Suntec Tower One, Singapore, SGP, 038987
Website
http://www.blackgold-group.com
BlackGold Natural Resources Ltd is an investment holding company. It operates in a single segment of exploration and mining of coal in Indonesia. The company supplies coal to power plants located in Riau province, Sumatra, Indonesia. It generates the majority of its revenue from Coal sales, followed by Provision for freight services.

BlackGold Natural Resources (SGX:41H) Headlines

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