ASA (ASA Gold And Precious Metals) Momentum Rank : 1 (As of Sep. 22, 2024)

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What is ASA Gold And Precious Metals Momentum Rank?

ASA Gold And Precious Metals has the Momentum Rank of 1.

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 ASA Gold And Precious Metals's Momentum Rank

For the Asset Management subindustry, ASA Gold And Precious Metals'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.

ASA Gold And Precious Metals's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, ASA Gold And Precious Metals's Momentum Rank distribution charts can be found below:

* The bar in red indicates where ASA Gold And Precious Metals's Momentum Rank falls into.

ASA Gold And Precious Metals Momentum Rank Related Terms

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ASA Gold And Precious Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ASA Gold And Precious Metals Ltd (NYSE:ASA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Three Canal Plaza, Suite 600, Portland, ME, USA, 04101

Website

https://www.asaltd.com

ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.

Executives

Mary Joan Hoene	director	400 S EL CAMINO REAL, STE 710, SAN MATEO CA 94402
Alexander Merk	officer: COO	44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104
Bruce D Hansen	director	1700 LINCOLN STREET, 28TH FLOOR, DENVER CO 80203
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Nancy J. Tyminski	other: Deputy CCO	3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101
William Donovan	director	100 VISTA CIRCLE, APARTMENT 315, PITTSBURGH PA 15238
James E Holman	other: Analyst, Merk Investments, LLC	THREE CANAL PLAZA, SUITE 600, PORTLAND ME 04101
Peter Maletis	officer: President	44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104
Anthony J. Artabane	director	4 LITTLE KINGS LANE, RYE BROOK NY 10573
Zachary R Tackett	officer: Secretary	77 CONGRESS STREET, APT. #1, PORTLAND ME 04101
Gino E Malaspina	officer: Secretary	3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101
Karen Shaw	officer: PFO	3 BUNKER HILL TERRACE, SCARBOROUGH ME 04074
David J Christensen	officer: Vice President - Investments	400 S. EL CAMINO REAL, SUITE 710, SAN MATEO CA 94402
Danielle Kulp	officer: Secretary and Deputy CCO	1409 KUTZ DRIVE, POTTSTOWN PA 19465