Aya Gold & Silver (TSX:AYA) Momentum Rank : 9 (As of May. 01, 2024)

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What is Aya Gold & Silver Momentum Rank?

Aya Gold & Silver has the Momentum Rank of 9.

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 Aya Gold & Silver's Momentum Rank

For the Silver subindustry, Aya Gold & Silver'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.

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

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

* The bar in red indicates where Aya Gold & Silver's Momentum Rank falls into.

Aya Gold & Silver Momentum Rank Related Terms

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Aya Gold & Silver (TSX:AYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aya Gold & Silver Inc (TSX:AYA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AYASF:USA 0HE:Germany

Address

1320 Boulevard Graham, Suite 132, Mont-Royal, QC, CAN, H3P 3C8

Website

https://www.ayagoldsilver.com

Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Its other project includes Boumadine; Amizmiz; Azegour and others.

Aya Gold & Silver (TSX:AYA) Headlines

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