GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Starmet Ventures Inc (XCNQ:STAR) » Definitions » Momentum Rank

Starmet Ventures (XCNQ:STAR) Momentum Rank : 0 (As of Jun. 11, 2024)


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

What is Starmet Ventures Momentum Rank?

Starmet Ventures 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.

Starmet Ventures Momentum Rank Related Terms

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

Starmet Ventures (XCNQ:STAR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Starmet Ventures Inc (XCNQ:STAR) » Definitions » Momentum Rank
Comparable Companies
TSXV:BOL TSXV:HHH XCNQ:UDI TSXV:AZR XCNQ:ATCM XCNQ:TCEC TSXV:SGZ TSXV:TKU XCNQ:URM TSXV:CCD ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
N/A
Address
No.303 - 1687 West Broadway, Vancouver, BC, CAN, V6J 1X2
Website
Starmet Ventures Inc engages in the exploration of mineral resource properties with an emphasis on the Property located in Esmeralda County, Nevada. It holds a 100% interest in the JPL Project. It has one reportable operating segment, being the acquisition and exploration of exploration and evaluation assets.
Executives
Ohad David Director, Senior Officer

Starmet Ventures (XCNQ:STAR) Headlines

No Headlines