Boron One Holdings (TSXV:BONE) Momentum Rank : 0 (As of Apr. 18, 2025)

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What is Boron One Holdings Momentum Rank?

Boron One Holdings has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Boron One Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Boron One Holdings Inc (TSXV:BONE) » Definitions » Momentum Rank

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Traded in Other Exchanges

ERVFF:USA

Address

645 Fort Street, Suite 203, Victoria, BC, CAN, V8W 1G2

Website

https://www.boronone.com

Boron One Holdings Inc is engaged in the exploration and evaluation of mineral properties. It holds an exploration license for the Piskanja boron deposit located in Serbia, which is typical of sedimentary basins, predominantly consisting of shales, marls, and limestone, with two primary gently undulating borate beds. Geographically, the company has a presence in Canada and Serbia.

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