Bluestone Resources (TSXV:BSR) Momentum Rank : 7 (As of Dec. 13, 2024)

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What is Bluestone Resources Momentum Rank?

Bluestone Resources has the Momentum Rank of 7.

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 Bluestone Resources's Momentum Rank

For the Gold subindustry, Bluestone Resources'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.

Bluestone Resources's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Bluestone Resources's Momentum Rank falls into.

Bluestone Resources Momentum Rank Related Terms

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Bluestone Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bluestone Resources Inc (TSXV:BSR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BBSRF:USA IX9D:Germany

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.bluestoneresources.ca

Bluestone Resources Inc is a natural resource company. It is engaged in the process of exploring mineral resource properties. The company owns an interest in the Cerro Blanco Gold Project and Mita Geothermal Project, both located in Guatemala. . The Company has one operating segment, being the operations in Guatemala.

Executives

Stephen Charles Hadfield Williams	Senior Officer
Jack Oliver Lundin	Director
James Andrew Beck	Director
Peter Timothy Hemstead	Director, Senior Officer
Penny Johnson	Senior Officer
Nadia Carotenuto	Senior Officer
Zara Elizabeth Boldt	Director
David Maurice Cass	Senior Officer
William Lamb	Director
Darren Ervin Charles Klinck	Senior Officer
Peter Leofric Hathaway	Director
John Edward Robins	Director
David Russell Gunning	Senior Officer
James R. Paterson	Director