Nevada Sunrise Metals (TSXV:NEV) Momentum Rank : 0 (As of Mar. 02, 2025)

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What is Nevada Sunrise Metals Momentum Rank?

Nevada Sunrise Metals has the Momentum Rank of 0.

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.

Nevada Sunrise Metals Momentum Rank Related Terms

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Nevada Sunrise Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Sunrise Metals Corp (TSXV:NEV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NVSGF:USA K4L:Germany

Address

1199 West Pender Street, Suite 408, Vancouver, BC, CAN, V6E 2R1

Website

https://www.nevadasunrise.ca

Nevada Sunrise Metals Corp is engaged in the acquisition, exploration and evaluation of its mineral property assets located in the State of Nevada, the United States of America. Some of its projects include Gemini, Badlands, Jackson Wash, Coronado and Pelican.

Executives

Warren William Stanyer	Director, Senior Officer
Jonathan Ryan Mun Kern Fung	Senior Officer
Michael Sweatman	Director

Nevada Sunrise Metals Headlines

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