Blackrock Silver (TSXV:BRC) Momentum Rank : 7 (As of Apr. 25, 2024)

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What is Blackrock Silver Momentum Rank?

Blackrock Silver has the Momentum Rank of 7.

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 Blackrock Silver's Momentum Rank

For the Other Precious Metals & Mining subindustry, Blackrock Silver'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.

Blackrock Silver's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Blackrock Silver's Momentum Rank falls into.

Blackrock Silver Momentum Rank Related Terms

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Blackrock Silver (TSXV:BRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blackrock Silver Corp (TSXV:BRC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BKRRF:USA AHZ0:Germany

Address

200 Granville Street, Suite 2710, Vancouver, BC, CAN, V6C 1S4

Website

https://www.blackrocksilver.com

Blackrock Silver Corp is a junior gold-focused exploration company that is on a quest to make an economic discovery. The company is focused on its Nevada portfolio of properties consisting of low-sulphidation epithermal gold and silver projects located along the established Northern Nevada Rift in Nevada and the Walker Lane trend in Western Nevada. The Tonopah West is the highest-grade undeveloped silver project located in the Walker Lane trend of Western Nevada.