GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Mountain Mining Corp (TSX:GMTN) » Definitions » Momentum Rank

Gold Mountain Mining (TSX:GMTN) Momentum Rank : 0 (As of Jun. 09, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Gold Mountain Mining Momentum Rank?

Gold Mountain Mining has the Momentum Rank of 0.

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.


Gold Mountain Mining Momentum Rank Related Terms

Thank you for viewing the detailed overview of Gold Mountain Mining's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Gold Mountain Mining (TSX:GMTN) Business Description

Traded in Other Exchanges
Address
1285 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 4B1
Gold Mountain Mining Corp is a gold and silver exploration and development company. It focuses on the expansion of the resource at the Elk Gold Project, a past-producing mine located 57 km from Merritt in South Central British Columbia. It operates in a single segment, being the production of crushed ore and mineral exploration and development of resources.
Executives
Howard Jones Director

Gold Mountain Mining (TSX:GMTN) Headlines

No Headlines