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Candelaria Mining (TSXV:CAND) Momentum Rank : 0 (As of Dec. 15, 2024)


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What is Candelaria Mining Momentum Rank?

Candelaria Mining 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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Candelaria Mining Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Candelaria Mining Corp (TSXV:CAND) » Definitions » Momentum Rank
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Traded in Other Exchanges
29LN:Germany
Address
1030 West Georgia, Suite 1012, Vancouver, BC, CAN, V6E 2Y3
Website
https://www.candelariamining.com
Candelaria Mining Corp is a precious metals focused exploration and mining company. It has two gold projects in Mexico; the 100%-owned construction-ready high-grade Pinos gold project located in the state of Zacatecas, and the 100%-owned exploration stage Caballo Blanco project located in the state of Veracruz.
Executives
S.a. Institución De Banca Múltiple En Liquidación Judicial Accendo Banco 10% Security Holder
Sergio Manuel Gomez Director

Candelaria Mining Headlines

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