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Kintavar Exploration (TSXV:KTR) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Kintavar Exploration Momentum Rank?

Kintavar Exploration 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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Kintavar Exploration (TSXV:KTR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kintavar Exploration Inc (TSXV:KTR) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
75, boul. de Montagne, Boucherville, QC, CAN, J4B 6Y4
Website
https://www.kintavar.com
Kintavar Exploration Inc is a natural resource corporation, which is principally engaged in the exploration and development of precious metal and base metals properties. It operates through the below segments: Acquisition, exploration, and evaluation of exploration properties and the operation of hunting and fishing, and outdoor outfitter. Its properties are Mitchi Copper-Silver Project, Riviere a laigle project, and others.
Executives
Guy Le Bel Director

Kintavar Exploration (TSXV:KTR) Headlines

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