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Route 109 Resources (TSXV:RTE) Momentum Rank : 0 (As of Dec. 12, 2024)


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What is Route 109 Resources Momentum Rank?

Route 109 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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Route 109 Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Route 109 Resources Inc (TSXV:RTE) » Definitions » Momentum Rank
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Traded in Other Exchanges
8M0:Germany
Address
409 Granville Street, Suite 904, Vancouver, BC, CAN, V6C 1T2
Website
https://www.route109resources.com
Route 109 Resources Inc is a Canadian exploration company with two historical high-grade assets in Quebec. Currently, it is Exploring for Copper and Gold in Quebec. The Dunlop Bay property has 76 contiguous mineral claims that cover 4,226 hectares, and the King Tut property has 120 contiguous mineral claims that cover 5,206 hectares.
Executives
Robert Marc Bustin Director

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