Sixty North Gold Mining (Sixty North Gold Mining) Momentum Rank : 9 (As of Jun. 09, 2024)

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What is Sixty North Gold Mining Momentum Rank?

Sixty North Gold Mining has the Momentum Rank of 9.

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 Sixty North Gold Mining's Momentum Rank

For the Gold subindustry, Sixty North Gold Mining'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.

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

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

* The bar in red indicates where Sixty North Gold Mining's Momentum Rank falls into.

Sixty North Gold Mining Momentum Rank Related Terms

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Sixty North Gold Mining (Sixty North Gold Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sixty North Gold Mining Ltd (OTCPK:SXNTF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

2F40:Germany SXTY:Canada

Address

1909 - 108 West Cordova Street, Vancouver, BC, CAN, V6B 0G5

Website

https://www.sixtynorthgold.com

Sixty North Gold Mining Ltd is engaged in the acquisition and exploration of mineral property assets. The company entered into a mineral property earn-in agreement with New Discovery Mines. The projects of the company include Mon Gold Property and Hangstone Property.

Sixty North Gold Mining (Sixty North Gold Mining) Headlines

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