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Great Northern Minerals (STU:3GW) Momentum Rank : 0 (As of May. 21, 2024)


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What is Great Northern Minerals Momentum Rank?

Great Northern Minerals 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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Great Northern Minerals (STU:3GW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Northern Minerals Ltd (STU:3GW) » Definitions » Momentum Rank
Comparable Companies
ASX:NES ASX:WSR ASX:NPM ASX:PVW ASX:FAU ASX:DBO ASX:ADG ASX:KNB ASX:GSM ASX:SMS SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 JSE:GFI MIC:PLZL ASX:NST
Traded in Other Exchanges
3GW:Germany GNM:Australia
Address
33 Colin Street, Level 1, West Perth, Perth, WA, AUS, 6005
Website
https://www.greatnorthernminerals.com.au
Great Northern Minerals Ltd is focused on the development of gold mines. The company also established new goldfields in Northern Queensland. It holds an interest in The Golden Ant Project that comprises of Golden Cup, Camel Creek, and Big Rush Gold Mines in North Queensland.

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