Red Pine Exploration (TSXV:RPX) Momentum Rank : 5 (As of Dec. 14, 2024)

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What is Red Pine Exploration Momentum Rank?

Red Pine Exploration has the Momentum Rank of 5.

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 Red Pine Exploration's Momentum Rank

For the Gold subindustry, Red Pine Exploration'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.

Red Pine Exploration's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Red Pine Exploration's Momentum Rank falls into.

Red Pine Exploration Momentum Rank Related Terms

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Red Pine Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Pine Exploration Inc (TSXV:RPX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RDEXF:USA RPX:Germany

Address

145 Wellington Street West, Suite 1001, Toronto, ON, CAN, M5J 1H8

Website

https://www.redpineexp.com

Red Pine Exploration Inc is a Canadian precious metals explorer company. It is involved in the identification, acquisition, and development of properties in Ontario, Canada. The company's flagship Wawa Gold Project is located 2km southeast of the Municipality of Wawa, in Northern Ontario. The property, comprising six thousand nine hundred and eighty six hectares, hosts several former mines with a combined historic production of One hundred twenty thousand oz gold.

Executives

Alamos Gold Inc.	10% Security Holder
Quentin Yarie	Director
Paul Douglas Martin	Director
Edward William Drew Anwyll	Director
Jean-francois Montreuil	Senior Officer
Robert Brian Dodds	Director

Red Pine Exploration Headlines

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