G2 Goldfields (TSX:GTWO) Momentum Rank : 3 (As of Dec. 15, 2024)

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What is G2 Goldfields Momentum Rank?

G2 Goldfields 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 G2 Goldfields's Momentum Rank

For the Gold subindustry, G2 Goldfields'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.

G2 Goldfields's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, G2 Goldfields's Momentum Rank distribution charts can be found below:

* The bar in red indicates where G2 Goldfields's Momentum Rank falls into.

G2 Goldfields Momentum Rank Related Terms

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G2 Goldfields Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G2 Goldfields Inc (TSX:GTWO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GUYGF:USA

Address

141 Adelaide Street West, Suite 1101, Toronto, ON, CAN, M5H 3L5

Website

https://www.g2goldfields.com

G2 Goldfields Inc is a Canada-based company engaged in the business of acquiring and exploring mineral properties. The company's project portfolio includes Sandy Lake Gold Project in Canada, Aremu / Oko Gold Project in Guyana, and Peters Mine in Guyana.

Executives

Anglogold Ashanti Holdings Plc	10% Security Holder
Patrick John Sheridan	10% Security Holder, Director, Senior Officer
Daniel Joseph Noone	Director, Senior Officer
Stephen William Canning Stow	Director
Bruce Rosenberg	Director
Torben Michalsen	Senior Officer
Paul Murphy	Senior Officer
Peter James Mullens	Director

G2 Goldfields Headlines

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