Scotch Creek Ventures (XCNQ:SCV) Momentum Rank : 0 (As of May. 12, 2024)

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What is Scotch Creek Ventures Momentum Rank?

Scotch Creek Ventures 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.

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Scotch Creek Ventures (XCNQ:SCV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Scotch Creek Ventures Inc (XCNQ:SCV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SCVFF:USA 7S2:Germany

Address

625 Howe Street, Suite 1140, Vancouver, BC, CAN, V6C 2T6

Website

https://www.scotch-creek.com

Scotch Creek Ventures Inc is a mineral exploration company, focused on the acquisition, exploration, and development of lithium projects located in tier-one North American mining jurisdictions. Its projects include Highlands West Project, Nevada, USA, Macallan East Project, Nevada, USA, and Cupz Project, Nevada, USA. Its segment is mining exploration and development which is carried out in USA and Canada with majority of the revenue from USA.

Executives

David K. Ryan

10% Security Holder, Director, Senior Officer

Scotch Creek Ventures (XCNQ:SCV) Headlines

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