STHFF (Stelmine Canada) Momentum Rank : 0 (As of Apr. 11, 2025)

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What is Stelmine Canada Momentum Rank?

Stelmine Canada has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Stelmine Canada Momentum Rank Related Terms

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Stelmine Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stelmine Canada Ltd (OTCPK:STHFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

8255 Boulevard Henri-Bourassa, Bureau 230, Quebec, QC, CAN, G1G 4C8

Website

https://www.stelmine.com

Stelmine Canada Ltd is a Canadian mineral exploration company. It is engaged in the acquisition, exploration, production, and development of mining properties in Quebec. Its asset portfolio includes Courcy Property, Mercator Property, Joubert Property, Nouvelles property, Ilnu property, and Trieste Property.

Stelmine Canada Headlines

From GuruFocus

Stelmine Closes First Tranche of Private Placement

By GlobeNewswire GlobeNewswire • 10-20-2021

Stelmine increases significantly the length of the gold-bearing corridor at Mercator

By GlobeNewswire • 02-21-2024

Stelmine completes a private placement of $907,380

By GlobeNewswire GlobeNewswire • 10-29-2019

Stelmine closes $700,300 private placement

By GlobeNewswire • 12-30-2023

Stelmine Closes $700,000 Private Placement

By GlobeNewswire GlobeNewswire • 06-11-2021

Stelmine announces the results of its annual meeting

By GlobeNewswire GlobeNewswire • 01-28-2023