ECR Minerals (ECR Minerals) Momentum Rank : 0 (As of Apr. 27, 2024)

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What is ECR Minerals Momentum Rank?

ECR Minerals 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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ECR Minerals (ECR Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ECR Minerals PLC (OTCPK:MTGDY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ECR:UK

Address

Ranelagh Gardens, Office T3, Hurlingham Studios, London, GBR, SW6 3PA

Website

https://www.ecrminerals.com

ECR Minerals PLC is a mineral exploration and development company which acts as a holding company for its subsidiaries and other investments. It is involved in the identification, acquisition, exploration, and development of mineral projects. The company focuses on the exploration of Gold and Copper assets. The firm's current project area is Argentina, Australia, and the Philippines. Its projects include SLM gold, Danglay gold, and Central Victorian Gold.

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