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Infinico Metals (TSXV:INFM) Momentum Rank : 0 (As of May. 21, 2024)


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What is Infinico Metals Momentum Rank?

Infinico Metals 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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Infinico Metals (TSXV:INFM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Infinico Metals Corp (TSXV:INFM) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
1507 1030 West Georgia Street, Vancouver, BC, CAN, V6E 2Y3
Website
https://www.burin-gold.com
Infinico Metals Corp, formerly Burin Gold Corp is is engaged in the identification, acquisition, and exploration of properties for mining of precious and base metals. It focuses on the Hickey's Pond Paradise Gold project.
Executives
Plethora Private Equity Management 10% Security Holder
Stichting Legal Owner Plethora Private Equity 10% Security Holder

Infinico Metals (TSXV:INFM) Headlines

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