GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heritage Mining Ltd (XCNQ:HML) » Definitions » Momentum Rank

Heritage Mining (XCNQ:HML) Momentum Rank : 0 (As of Jun. 17, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Heritage Mining Momentum Rank?

Heritage Mining 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.

Heritage Mining Momentum Rank Related Terms

Thank you for viewing the detailed overview of Heritage Mining's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Heritage Mining (XCNQ:HML) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heritage Mining Ltd (XCNQ:HML) » Definitions » Momentum Rank
Comparable Companies
TSXV:ADD TSXV:RJX.A TSXV:EXG TSXV:STRM TSXV:GLDN TSXV:COCO TSXV:GSPR TSXV:AMZ XCNQ:GLDS TSXV:TUF ISX:AMMN JSE:AMS MIC:ALRS SZSE:000975 LSE:FRES ISX:MBMA JSE:IMP TSX:TFPM HL JSE:NPH
Traded in Other Exchanges
N/A
Address
1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9
Website
Heritage Mining Ltd is engaged in the business of exploration for gold and other metals across Canada. The company's principal objectives are to explore and develop the Drayton - Black Lake Property and to identify other properties worthy of investment and exploration. The Drayton - Black Lake Project consists of 720 mining claims located in the Patricia Mining Division totaling approximately 14,921.18 hectares.
Executives
Peter Schloo Director, Senior Officer

Heritage Mining (XCNQ:HML) Headlines

No Headlines