GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Lights Resources Corp (XCNQ:NLR) » Definitions » Momentum Rank

Northern Lights Resources (XCNQ:NLR) Momentum Rank : 0 (As of Apr. 15, 2025)


View and export this data going back to 2012. Start your Free Trial

What is Northern Lights Resources Momentum Rank?

Northern Lights Resources has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Northern Lights Resources Momentum Rank Related Terms

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

Northern Lights Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northern Lights Resources Corp (XCNQ:NLR) » Definitions » Momentum Rank
Comparable Companies
TSXV:BIGT XCNQ:ADP XCNQ:MOLT XCNQ:WISE TSXV:RCT TSXV:EAU TSXV:AVG TSXV:RTM XCNQ:GAND TSXV:QCX SHSE:601899 NEM TSX:AEM TSX:WPM TSX:ABX MIC:PLZL TSX:FNV JSE:GFI AU TSX:K
Traded in Other Exchanges
NLRCF:USA
Address
1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9
Website
https://www.northernlightsresources.com
Northern Lights Resources Corp is an exploration and development company. Its principal business activities include acquiring and exploring resource properties. The company owns the Secret Pass Gold Project in Arizona, United States.
Executives
Albert Richard Timcke Director, Senior Officer
Jason Bahnsen Director, Senior Officer
Kerem Akbas 10% Security Holder
Graham Keevil Director

Northern Lights Resources Headlines