Aero Energy (Aero Energy) Momentum Rank : 10 (As of Jun. 03, 2024)

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What is Aero Energy Momentum Rank?

Aero Energy has the Momentum Rank of 10.

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 Aero Energy's Momentum Rank

For the Gold subindustry, Aero Energy'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.

Aero Energy's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Aero Energy's Momentum Rank falls into.

Aero Energy Momentum Rank Related Terms

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

Aero Energy (Aero Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aero Energy Ltd (OTCPK:AAUGF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

13L0:Germany AAU:Canada

Address

1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.angoldresources.com

Angold Resources Ltd is a gold exploration and development company. The company has four properties in the portfolio; including two in Chile and others in Nevada and Canada. The property portfolio includes Dorado, Cordillera, Iron Butte, Hope Butte, and Uchi.

Aero Energy (Aero Energy) Headlines

From GuruFocus

Angold Plans Drilling at Iron Butte

By PRNewswire PRNewswire • 03-02-2021

The Power Play by The Market Herald Releases Interviews With Angold, Datametrex, Fabled Copper, Nextech AR, Tocvan Ventures, and Silver Bullet Mines

By ACCESSWIRE ACCESSWIRE • 01-18-2022

Angold Drills 248 Metres at 0.75 g/t in Step-Out Hole at Dorado

By PRNewswire PRNewswire • 05-25-2021

Angold Resources Begins Drilling at Dorado

By PRNewswire PRNewswire • 01-12-2021

Angold Outlines New Drill Targets at Iron Butte, Nevada

By PRNewswire PRNewswire • 01-27-2021

Angold Updates Drilling At Dorado Indicating New Gold Zones

By PRNewswire PRNewswire • 06-22-2021

Angold Discovers New Mineralization at Lajitas South Target, Dorado Project

By PRNewswire PRNewswire • 04-27-2021