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Radius Gold (FRA:RUG) Momentum Rank : 4 (As of May. 23, 2024)


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What is Radius Gold Momentum Rank?

Radius Gold has the Momentum Rank of 4.

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 Radius Gold's Momentum Rank

For the Gold subindustry, Radius Gold'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.


Radius Gold's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Radius Gold's Momentum Rank falls into.



Radius Gold Momentum Rank Related Terms

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Radius Gold (FRA:RUG) Business Description

Traded in Other Exchanges
Address
200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6
Radius Gold Inc is a gold exploration company engaged in acquiring and exploring mineral properties and investment in companies which hold mineral property interests. It owns an exploration and mining interest in various properties including Bald Peak Project; Holly-Banderas Project; Amalia Project and Plata Verde Project. The Company's assets were located in Canada, Guatemala, Mexico, and Cayman Islands and formerly the USA.

Radius Gold (FRA:RUG) Headlines

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