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Kore Mining (TSXV:KORE) Momentum Rank : 0 (As of May. 28, 2024)


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What is Kore Mining Momentum Rank?

Kore 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.

Kore Mining Momentum Rank Related Terms

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Kore Mining (TSXV:KORE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kore Mining Ltd (TSXV:KORE) » Definitions » Momentum Rank
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Traded in Other Exchanges
KOREF:USA EUSA:Germany
Address
1055 West Hastings Street, Suite 960, Vancouver, BC, CAN, V6B 0B8
Website
https://www.koremining.com
Kore Mining Ltd is an exploration and development stage company. It is engaged in the acquisition, exploration, and development of exploration and evaluation properties in the United States and Canada. The company owns interests in the Imperial and Long Valley gold development projects, located in California, USA, as well as projects in British Columbia, Canada.
Executives
James Warwick Hynes Director, Senior Officer