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Pacific Ridge Exploration (TSXV:PEX) Momentum Rank : 0 (As of Jun. 07, 2024)


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What is Pacific Ridge Exploration Momentum Rank?

Pacific Ridge Exploration 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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Pacific Ridge Exploration (TSXV:PEX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pacific Ridge Exploration Ltd (TSXV:PEX) » Definitions » Momentum Rank
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Traded in Other Exchanges
PEXZF:USA PQWN:Germany
Address
1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6
Website
https://www.pacificridgeexploration.com
Pacific Ridge Exploration Ltd is an exploration stage company engaged in the acquisition and exploration of mineral properties in Canada and the United States. The company explores zinc and gold deposits. Its projects portfolio includes White Gold property located in Yukon that includes Mariposa, Gold Cap, and Eureka Dome; Fyre Lake property located in Yukon and Spius property located in British Columbia.
Executives
Salvador Miranda Senior Officer
Arie Alisen Page Senior Officer

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