Xander Resources (Xander Resources) Momentum Rank : 0 (As of Jun. 05, 2024)

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What is Xander Resources Momentum Rank?

Xander Resources 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.

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Xander Resources (Xander Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xander Resources Inc (OTCPK:XNDRF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

1XI:Germany XND:Canada

Address

1125 Howe Street, Suite 1400, Vancouver, BC, CAN, V6Z 2K3

Website

https://www.xanderresources.ca

Xander Resources Inc is a Canadian-based mineral exploration company. It is involved in the business of identification, evaluation, and acquisition of mineral properties. The company's project includes Blue Ribbon Property; Senneville South Property; Senneville West Property, Bachelor North, CNC Timmins Property, and Senneville East Property. It is focusing on developing accretive gold properties. Geographically, it operates only in Canada.

Xander Resources (Xander Resources) Headlines

From GuruFocus

Xander Resources Acquires 100 Claims West of CNC's Crawford Project

By PRNewswire PRNewswire • 10-21-2022