North Arrow Minerals (TSXV:NAR) Momentum Rank : 7 (As of Apr. 29, 2025)

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What is North Arrow Minerals Momentum Rank?

North Arrow Minerals has the Momentum Rank of 7.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of North Arrow Minerals's Momentum Rank

For the Other Precious Metals & Mining subindustry, North Arrow Minerals's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

North Arrow Minerals's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, North Arrow Minerals's Momentum Rank distribution charts can be found below:

* The bar in red indicates where North Arrow Minerals's Momentum Rank falls into.

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North Arrow Minerals Momentum Rank Related Terms

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North Arrow Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » North Arrow Minerals Inc (TSXV:NAR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NHAWF:USA

Address

789 West Pender Street, Suite 960, Vancouver, BC, CAN, V6C 1H2

Website

https://www.northarrowminerals.com

North Arrow Minerals Inc is engaged in acquiring, exploring, and evaluating mineral properties in Canada. Its exploration projects include the DeStaffany property, Bathurst Inlet lithium property, MacKay Lake project, Naujaat diamond project, Pikoo diamond project, and the Loki diamond project among others. Geographically, the company operates only in Canada.

Executives

Douglas Blair Murdoch	Director
David Grenville Thomas	Deemed Insider - 6 Months before becoming Insider

North Arrow Minerals Headlines

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