Inomin Mines (TSXV:MINE) Momentum Rank : 0 (As of Jun. 14, 2024)

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What is Inomin Mines Momentum Rank?

Inomin Mines 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.

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Inomin Mines (TSXV:MINE) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

IMC:Germany

Address

400 Burrard Street, Suite 1130, Vancouver, BC, CAN, V6C 3A6

Website

https://www.inominmines.com

Inomin Mines Inc is a Canadian mineral exploration company. It is engaged in the identification, exploration, and development of mineral properties. The company holds an interest in King's Point property. Its property is located in the Green Bay area of Newfoundland. The company's other projects are Beaver Magnesium-Nickel-Cobalt, Lynx Nickel, La Gitana Gold-Silver, and Pena Blanca Gold-Silver.

Executives

Evilio Juan Gomez-garcia

Director