Badlands Resources (TSXV:BLDS) Momentum Rank : 6 (As of May. 01, 2024)

View and export this data going back to 2010. Start your Free Trial

What is Badlands Resources Momentum Rank?

Badlands Resources has the Momentum Rank of 6.

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 Badlands Resources's Momentum Rank

For the Gold subindustry, Badlands Resources'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.

Badlands Resources's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Badlands Resources's Momentum Rank falls into.

Badlands Resources Momentum Rank Related Terms

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

Badlands Resources (TSXV:BLDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Badlands Resources Inc (TSXV:BLDS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BDLNF:USA B7Q:Germany

Address

200 Burrard Street, Suite 1680, Vancouver, BC, CAN, V6C 3L6

Website

https://www.mineralmountainresources.com

Badlands Resources Inc formerly Mineral Mountain Resources Ltd is an exploration-stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties in North America. Mineral Mountain is an advanced explorer with focus on development of gold projects with camp Scale potential, within cost effective, politically friendly, mining friendly regions of the United States. The company is focused on Rochford project located in the Rochford mining district of the Black Hills, South Dakota.

Badlands Resources (TSXV:BLDS) Headlines

No Headlines