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Discovery-Corp Enterprises (TSXV:DCY) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Discovery-Corp Enterprises Momentum Rank?

Discovery-Corp Enterprises 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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Discovery-Corp Enterprises (TSXV:DCY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Discovery-Corp Enterprises Inc (TSXV:DCY) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
125A - 1030 Denman Street, Unit 553, Vancouver, BC, CAN, V6G 2M6
Website
https://www.discovery-corp.com
Discovery-Corp Enterprises Inc is an exploration stage company in Canada. The firm is engaged in the acquisition, exploration, and development of base and precious metals focusing mainly on gold and copper properties. Its properties include Galaxy Property in British Columbia and Rock Creek in Nevada.
Executives
Iain Brown Director, Senior Officer

Discovery-Corp Enterprises (TSXV:DCY) Headlines

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