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Bullion Gold Resources (TSXV:BGD) Momentum Rank : 0 (As of May. 21, 2024)


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What is Bullion Gold Resources Momentum Rank?

Bullion Gold Resources 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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Bullion Gold Resources (TSXV:BGD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bullion Gold Resources Corp (TSXV:BGD) » Definitions » Momentum Rank
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Traded in Other Exchanges
TTEXF:USA
Address
410, rue Saint-Nicolas, Suite 236, Montreal, QC, CAN, H2Y 2P5
Website
http://www.bulliongold.ca
Bullion Gold Resources Corp is a mineral exploration company. The company is an exploration stage company engaged in the operating segment of exploration and development of exploration and evaluation assets in British Columbia, Canada.

Bullion Gold Resources (TSXV:BGD) Headlines

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