P2 Gold (P2 Gold) Momentum Rank : 5 (As of May. 30, 2024)

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What is P2 Gold Momentum Rank?

P2 Gold has the Momentum Rank of 5.

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 P2 Gold's Momentum Rank

For the Other Precious Metals & Mining subindustry, P2 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.

P2 Gold's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, P2 Gold's Momentum Rank distribution charts can be found below:

* The bar in red indicates where P2 Gold's Momentum Rank falls into.

P2 Gold Momentum Rank Related Terms

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P2 Gold (P2 Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » P2 Gold Inc (OTCPK:PGLDF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

4Z9:Germany PGLD:Canada

Address

355 Burrard Street, Suite 1100, Vancouver, BC, CAN, V6C 2G8

Website

https://www.p2gold.com

P2 Gold Inc is a mineral exploration company engaged in the acquisition, exploration and development of mineral resource properties primarily in British Columbia, Canada and the western United States. Its property portfolio includes the Silver Reef Property, Gabbs Project, Lost Cabin Property and others.