Nevgold (TSXV:NAU) Momentum Rank : 10 (As of Jun. 20, 2024)

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What is Nevgold Momentum Rank?

Nevgold has the Momentum Rank of 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.

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

Competitive Comparison of Nevgold's Momentum Rank

For the Other Precious Metals & Mining subindustry, Nevgold'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.

Nevgold's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nevgold's Momentum Rank falls into.

Nevgold Momentum Rank Related Terms

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Nevgold (TSXV:NAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevgold Corp (TSXV:NAU) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NAUFF:USA 5E50:Germany

Address

200 Burrard Street, Suite 250, Vancouver, BC, CAN, V6C 3L6

Website

https://www.nev-gold.com

Nevgold Corp is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and British Columbia. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash Projects in Nevada, and the Ptarmigan silver polymetallic project in Southeast British Columbia. The Company operates in one business segment which is exploration and development of resource property in Canada and the US.

Executives

Brandon Gennaro Bonifacio	Senior Officer
Giulio Bonifacio	Director

Nevgold (TSXV:NAU) Headlines

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