Radisson Mining Resources (Radisson Mining Resources) Momentum Rank : 7 (As of May. 23, 2024)

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What is Radisson Mining Resources Momentum Rank?

Radisson Mining Resources has the Momentum Rank of 7.

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 Radisson Mining Resources's Momentum Rank

For the Gold subindustry, Radisson Mining Resources'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.

Radisson Mining Resources's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Radisson Mining Resources's Momentum Rank falls into.

Radisson Mining Resources Momentum Rank Related Terms

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Radisson Mining Resources (Radisson Mining Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Radisson Mining Resources Inc (OTCPK:RMRDF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RDS:Canada

Address

50 rue du Petit, Rouyn-Noranda, QC, CAN, J0Y 1C0

Website

https://www.radissonmining.com

Radisson Mining Resources Inc is a junior mining company. It conducts the acquisition, exploration, and development of mineral properties. The company's properties include the O'Brien, New Alger, and Douay property.

Radisson Mining Resources (Radisson Mining Resources) Headlines

From GuruFocus

Radisson expands ongoing O'Brien drill program to 60,000 m

By GlobeNewswire GlobeNewswire • 02-27-2020

Drilling at O'Brien continues to deliver high-grade gold intercepts highlighting resource expansion potential at depth and within the current resource area

By GlobeNewswire GlobeNewswire • 02-06-2020

Radisson announces $ 657,404 first closing of up to $ 1.8 M private placement

By GlobeNewswire GlobeNewswire • 08-24-2018

Radisson mining resources Inc. to Webcast Live at VirtualInvestorConferences.com February 15th

By GuruFocusNews GuruFocusNews • 02-10-2022