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Romios Gold Resources (TSXV:RG) Momentum Rank : 0 (As of Jun. 24, 2024)


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What is Romios Gold Resources Momentum Rank?

Romios Gold Resources 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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Romios Gold Resources (TSXV:RG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Romios Gold Resources Inc (TSXV:RG) » Definitions » Momentum Rank
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Traded in Other Exchanges
RMIOF:USA D4R:Germany
Address
2 Toronto Street, Suite 500, Toronto, ON, CAN, M5C 2B6
Website
https://www.romios.com
Romios Gold Resources Inc is a Canada-based mineral exploration and development company. Principally, it is engaged in the business of precious and base metal exploration across North America with a primary focus on gold, silver, and copper. The company's British Columbia projects consist of Golden Triangle, Trek property, Newmont Lake property, JW property, and Royce/Porc property; the Scossa gold project is located in Nevada; the Lundmark and Timmis Hislop projects are situated in Ontario.
Executives
John Lawrence Biczok Senior Officer

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