Liberty Gold (Liberty Gold) Momentum Rank : 4 (As of Apr. 28, 2024)

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What is Liberty Gold Momentum Rank?

Liberty Gold has the Momentum Rank of 4.

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 Liberty Gold's Momentum Rank

For the Gold subindustry, Liberty Gold'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.

Liberty Gold's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Liberty Gold's Momentum Rank falls into.

Liberty Gold Momentum Rank Related Terms

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Liberty Gold (Liberty Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Liberty Gold Corp (OTCPK:LGDTF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PGW:Germany LGD:Canada

Address

1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9

Website

https://www.libertygold.ca

Liberty Gold Corp is an exploration-stage company. It operates in the business segment of exploration for gold, copper and other precious and base metals. The company has operations in the geographic locations of Canada, the USA and Turkey. Its projects include the Black Pine project, Goldstrike, TV Tower and others. It has one segment the exploration for gold, copper and other precious and base metals.