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Regenx Tech (XCNQ:RGX) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Regenx Tech Momentum Rank?

Regenx Tech 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.

Regenx Tech Momentum Rank Related Terms

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Regenx Tech (XCNQ:RGX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Regenx Tech Corp (XCNQ:RGX) » Definitions » Momentum Rank
Comparable Companies
TSXV:MTB TSXV:NAR TSXV:MASS TSXV:PNTR XCNQ:LECR TSXV:SVG XCNQ:ESAU TSXV:CMIL TSXV:ELY TSXV:AUU ISX:AMMN JSE:AMS SZSE:000975 MIC:ALRS LSE:FRES JSE:IMP ISX:MBMA LIM:BUENAVC1 TSX:TFPM HL
Traded in Other Exchanges
RGXTF:USA J64:Germany
Address
250 2nd Street South West, Suite 1000, Livingston Place West, Calgary, AB, CAN, T2P 0C1
Website
https://www.regenx.tech
Regenx Tech Corp is positioned for growth in the catalytic converter and mining sectors through the development and commercialization of its proprietary, environmentally friendly processing technologies for the recovery of precious metals. Its focus is the extraction of platinum and palladium from diesel catalytic converters. It solves smelter problems and recovers the majority of the precious metals from retired catalytic converters. The Company has two operating segments, exploration and development of mineral properties in Spain and mineral extraction through the use of its proprietary equipment in North America.
Executives
Harvey Ernest Edward Granatier Director

Regenx Tech (XCNQ:RGX) Headlines

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