Quebec Pegmatite Holdings (XCNQ:QBC) Momentum Rank : 6 (As of Jun. 07, 2024)

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What is Quebec Pegmatite Holdings Momentum Rank?

Quebec Pegmatite Holdings has the Momentum Rank of 6.

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.

Competitive Comparison of Quebec Pegmatite Holdings's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Quebec Pegmatite Holdings's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Quebec Pegmatite Holdings's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Quebec Pegmatite Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Quebec Pegmatite Holdings's Momentum Rank falls into.

Quebec Pegmatite Holdings Momentum Rank Related Terms

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Quebec Pegmatite Holdings (XCNQ:QBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Pegmatite Holdings Corp (XCNQ:QBC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

WPNNF:USA 3WK:Germany

Address

1500-1055 West Georgia Street, Vancouver, BC, CAN, V6E 4N7

Website

https://www.firstrespondertech.com

First Responder Technologies Inc is engaged in the development of weapons detection products and services. It is a technology development company that commercializes academic and internally developed intellectual property for use in the public safety market. The company's product portfolio includes Sentinel WiFi Concealed Detection Device; Sentinel Vision AI Open-Carry Weapons Detection and Sentinel Vision Threat Management System. The Company has one operating segment, technology development.

Quebec Pegmatite Holdings (XCNQ:QBC) Headlines

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