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Orestone Mining (TSXV:ORS) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Orestone Mining Momentum Rank?

Orestone Mining 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.

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Orestone Mining (TSXV:ORS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orestone Mining Corp (TSXV:ORS) » Definitions » Momentum Rank
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Traded in Other Exchanges
ORESF:USA O2R2:Germany
Address
407-325 Howe Street, Vancouver, BC, CAN, V6C 1Z7
Website
https://www.orestone.ca
Orestone Mining Corp is a mineral exploration company. The principal business activity of the company is the exploration of mineral properties. The company holds an interest in the Captain Property and the Resguardo Property. The group operates in the geographical segments of Canada and Chile.
Executives
David Hottman Director, Senior Officer

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