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Gold Digger Resources (XCNQ:GDIG) Momentum Rank : 0 (As of Jun. 05, 2024)


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What is Gold Digger Resources Momentum Rank?

Gold Digger 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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Gold Digger Resources (XCNQ:GDIG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Digger Resources Inc (XCNQ:GDIG) » Definitions » Momentum Rank
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Traded in Other Exchanges
GDIGF:USA
Address
595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5
Website
https://www.gdresourcesinc.com
Gold Digger Resources Inc is a mineral resource exploration and exploitation company with a concentration in battery and precious metals. The company's material property is the Regnault Project, consisting of approximately 71 contiguous mineral claims covering an area of approximately 23,678 Ha located north-northeast of Chibougamau in the Province of Quebec.
Executives
Blair Lawrence Naughty 10% Security Holder

Gold Digger Resources (XCNQ:GDIG) Headlines

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