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O3 Mining (STU:15A) Momentum Rank : 0 (As of Dec. 12, 2024)


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What is O3 Mining Momentum Rank?

O3 Mining 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.

O3 Mining Momentum Rank Related Terms

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O3 Mining Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » O3 Mining Inc (STU:15A) » Definitions » Momentum Rank
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Traded in Other Exchanges
OIIIF:USA OIII:Canada
Address
155 University Avenue, Suite 1440, Toronto, ON, CAN, M5H 3B7
Website
https://www.o3mining.ca
O3 Mining Inc is a Canadian mineral exploration company. It is engaged in the business of acquiring, exploring, and developing precious mineral deposits in Canada. The company's property portfolio consists of Cadillac Break Properties, Marban Property, Alpha Property, Wydee Gold Property, and Matachewan Property.

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