Yamana Gold (TSX:YRI) Momentum Rank : 9 (As of Apr. 26, 2024)

View and export this data going back to 1995. Start your Free Trial

What is Yamana Gold Momentum Rank?

Yamana Gold 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 Yamana Gold's Momentum Rank

For the Gold subindustry, Yamana 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.

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

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

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

Yamana Gold Momentum Rank Related Terms

Thank you for viewing the detailed overview of Yamana Gold's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Yamana Gold (TSX:YRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Yamana Gold Inc (TSX:YRI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Bay Street, Suite 2200, Royal Bank Plaza, North Tower, Toronto, ON, CAN, M5J 2J3

Website

https://www.yamana.com

Yamana Gold Inc is a Canadian-based precious metals producer with gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company's segment includes Canadian Malartic; Jacobina; Cerro Moro; El Penon; Minera Florida and Corporate and other. It generates maximum revenue from the Canadian Malartic segment.

Yamana Gold (TSX:YRI) Headlines

No Headlines