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TomaGold (TSXV:LOT) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is TomaGold Momentum Rank?

TomaGold 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.

TomaGold Momentum Rank Related Terms

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TomaGold (TSXV:LOT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TomaGold Corp (TSXV:LOT) » Definitions » Momentum Rank
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Traded in Other Exchanges
TOGOF:USA OTM:Germany
Address
410, Rue Saint-Nicolas, Suite 236, Montreal, QC, CAN, H2Y 2P5
Website
https://www.tomagoldcorp.com
TomaGold Corp is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration, and development of gold mineral properties. The company holds an interest in Monster Lake property, Winchester property, Lac-a-l'Eau Jaune property, Sidace Lake gold property, Obalski property, Monster Lake East property, Hazeur property, Lac Cavan property, and Urban Lake project. The company operates through a single segment Exploration and evaluation of mineral resources.
Executives
Jean-sebastien Jacquetin Director

TomaGold (TSXV:LOT) Headlines

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