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Golden Prospect Precious Metals (LSE:GPM) Momentum Rank : 8 (As of Jun. 02, 2024)


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What is Golden Prospect Precious Metals Momentum Rank?

Golden Prospect Precious Metals has the Momentum Rank of 8.

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 Golden Prospect Precious Metals's Momentum Rank

For the Asset Management subindustry, Golden Prospect Precious Metals'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.

Golden Prospect Precious Metals's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Golden Prospect Precious Metals's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Golden Prospect Precious Metals's Momentum Rank falls into.


Golden Prospect Precious Metals Momentum Rank Related Terms

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Golden Prospect Precious Metals (LSE:GPM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Golden Prospect Precious Metals Ltd (LSE:GPM) » Definitions » Momentum Rank
Comparable Companies
LSE:LBOW LSE:DSM LSE:KWG LSE:VLE LSE:DNE LSE:PMGR LSE:NBMI LSE:IX. LSE:DVNO LSE:LMS BLK BX KKR OSTO:INVE A TSX:BN APO BK AMP XSWX:PGHN OSTO:EQT
Traded in Other Exchanges
N/A
Address
3 rd Floor, 1 Le Truchot, Saint Peter Port, GGY, GY1 1WD
Website
https://www.ncim.co.uk
Golden Prospect Precious Metals Ltd is a closed-ended investment company. It is engaged in investing in gold and precious metals companies. Its objective is to provide investors with capital growth from a portfolio of companies involved in the gold and precious metals sector.