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Peloton Minerals (XCNQ:PMC) Momentum Rank : 0 (As of Sep. 24, 2024)


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What is Peloton Minerals Momentum Rank?

Peloton Minerals 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.

Peloton Minerals Momentum Rank Related Terms

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Peloton Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Peloton Minerals Corp (XCNQ:PMC) » Definitions » Momentum Rank
Comparable Companies
TSXV:AUAU TSXV:KG XCNQ:AGC TSXV:SRC TSXV:RAK TSXV:HPM TSXV:ANK TSXV:SOI TSXV:VAU TSXV:VIO SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL SHSE:600547 ASX:NCM JSE:GFI
Traded in Other Exchanges
PMCCF:USA
Address
380 Wellington Street, London City Centre, 6th Floor, Tower B, London, ON, CAN, N6A 5B5
Website
https://www.pelotonminerals.com
Peloton Minerals Corp is a Canada based company. The company is an exploration stage company that is engaged in the business of locating and exploring mineral properties. The company holds three Carlin-style gold exploration projects situated on the Carlin and Long Canyon Gold Trends in Elko County, Nevada, all of which are permitted for drilling.
Executives
Edward Leith Ellwood Senior Officer

Peloton Minerals Headlines

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