Wesdome Gold Mines (LTS:0VOA) Momentum Rank : 9 (As of Apr. 25, 2024)

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What is Wesdome Gold Mines Momentum Rank?

Wesdome Gold Mines has the Momentum Rank of 9.

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 Wesdome Gold Mines's Momentum Rank

For the Gold subindustry, Wesdome Gold Mines'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.

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

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

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

Wesdome Gold Mines Momentum Rank Related Terms

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Wesdome Gold Mines (LTS:0VOA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wesdome Gold Mines Ltd (LTS:0VOA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

WDOFF:USA RKVA:Germany WDO:Canada

Address

220 Bay Street, Suite 1200, Toronto, ON, CAN, M5J 2W4

Website

https://www.wesdome.com

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground, Kiena Complex and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.

Wesdome Gold Mines (LTS:0VOA) Headlines

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