SMOFF (Sonoro Gold) Momentum Rank : 3 (As of Dec. 15, 2024)

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What is Sonoro Gold Momentum Rank?

Sonoro Gold has the Momentum Rank of 3.

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 Sonoro Gold's Momentum Rank

For the Other Precious Metals & Mining subindustry, Sonoro 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.

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

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

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

Sonoro Gold Momentum Rank Related Terms

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Sonoro Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sonoro Gold Corp (OTCPK:SMOFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

23SP:Germany 23SP:Germany SGO:Canada

Address

2489 Bellevue Avenue, Suite 300, West Vancouver, BC, CAN, V7V 1E1

Website

https://www.sonorogold.com

Sonoro Gold Corp is an exploration and development company holding the near development stage Cerro Caliche project and the exploration stage San Marcial properties in Sonora State, Mexico. The company has one business segment, the exploration of mineral properties.

Sonoro Gold Headlines

From GuruFocus

SONORO GOLD FILES NI 43-101 TECHNICAL REPORT, MINERAL RESOURCE ESTIMATE FOR THE CERRO CALICHE GOLD PROJECT

By GlobeNewswire GlobeNewswire • 03-27-2023

Sonoro Files NI 43-101 Technical Report for the Cerro Caliche Project in Mexico

By GlobeNewswire GlobeNewswire • 07-27-2019

SONORO FILES UPDATED PRELIMINARY ECONOMIC ASSESSMENT ON SEDAR

By GlobeNewswire GlobeNewswire • 06-24-2022