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Gold Port (XCNQ:GPO) Momentum Rank : 0 (As of Jun. 03, 2024)


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What is Gold Port Momentum Rank?

Gold Port 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.

Gold Port Momentum Rank Related Terms

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Gold Port (XCNQ:GPO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Port Corp (XCNQ:GPO) » Definitions » Momentum Rank
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Traded in Other Exchanges
GPOTF:USA
Address
1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6
Website
https://www.goldportcorporation.com
Gold Port Corp is a gold exploration company focused on Guyana, South America. The company owns the Groete Creek Gold Project located in the prolific Guiana Shield, which is home to some of the world's largest gold deposits. Combined with the Akaiwong and Tamberlin gold exploration projects, both in Guyana, Gold Port holds an exciting inventory of exploration and development stage gold projects. It operates in a single reportable operating segment which is exploration and evaluation assets in Guyana and Canada.

Gold Port (XCNQ:GPO) Headlines

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