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Alliance Mining (TSXV:ALM) Momentum Rank : 0 (As of May. 15, 2024)


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What is Alliance Mining Momentum Rank?

Alliance 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.

Alliance Mining Momentum Rank Related Terms

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Alliance Mining (TSXV:ALM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alliance Mining Corp (TSXV:ALM) » Definitions » Momentum Rank
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Traded in Other Exchanges
X9E1:Germany
Address
888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4
Website
https://www.alliancemining.com
Alliance Mining Corp is a Canada-based mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties. The company holds interests in the Red Rice Lake Gold Property, Moose Gold Property, and Greenbelt Property in Canada.
Executives
Christopher Ross Anderson Senior Officer

Alliance Mining (TSXV:ALM) Headlines

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