Independence Gold (TSXV:IGO) Momentum Rank : 9 (As of Apr. 29, 2025)

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What is Independence Gold Momentum Rank?

Independence Gold has the Momentum Rank of 9.

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.

Competitive Comparison of Independence Gold's Momentum Rank

For the Gold subindustry, Independence Gold'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.

Independence Gold's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Independence Gold's Momentum Rank falls into.

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Independence Gold Momentum Rank Related Terms

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Independence Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Independence Gold Corp (TSXV:IGO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IEGCF:USA

Address

625 Howe Street, Suite 580, Vancouver, BC, CAN, V6C 2T6

Website

http://www.ingold.ca

Independence Gold Corp is a mineral exploration company. Its holdings range from early-stage grassroots exploration to further resource expansion in British Columbia and Yukon. Its BC properties include 3Ts Project; Merit Property; Nicoamen Property; Anita Property; and Yukon properties include Boulevard Project; Moosehorn Project. It has one segment which is the acquisition, exploration, and evaluation of mineral properties in North America.

Executives

Harry Chan

Senior Officer

Independence Gold Headlines

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