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SolidusGold (TSXV:SDC) Momentum Rank : 0 (As of Apr. 26, 2024)


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What is SolidusGold Momentum Rank?

SolidusGold 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.

SolidusGold Momentum Rank Related Terms

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SolidusGold (TSXV:SDC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SolidusGold Inc (TSXV:SDC) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5
Website
http://www.solidusau.com
SolidusGold Inc is a company engaged in the exploration and development of precious and base metals. The company holds an interest in the Honeymoon property. Its Honeymoon property is an early stage gold-silver-copper property located on the west side of Adams Lake, British Columbia.

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