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Aloro Mining (TSXV:AORO) Momentum Rank

: 0 (As of Today)
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Aloro Mining 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.

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Aloro Mining (TSXV:AORO) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aloro Mining Corp (TSXV:AORO) » Definitions » Momentum Rank
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Traded in Other Exchanges
WLRMF:USA
Address
No. 250 - 750 West Pender Street, Vancouver, BC, CAN, V6C 2T7
Website
https://www.aloromining.com
Aloro Mining Corp is a Canada-based gold exploration company. Its business is the acquisition, exploration, and development of its mineral interest in Mexico. The company has focused on finding and developing economic mineral deposits. Its project portfolio includes Quitovac Mine Project and Los Venados Project.

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