Equity Metals (TSXV:EQTY) Momentum Rank : 3 (As of May. 23, 2024)

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What is Equity Metals Momentum Rank?

Equity Metals has the Momentum Rank of 3.

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 Equity Metals's Momentum Rank

For the Other Precious Metals & Mining subindustry, Equity Metals'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.

Equity Metals's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Equity Metals's Momentum Rank falls into.

Equity Metals Momentum Rank Related Terms

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Equity Metals (TSXV:EQTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Equity Metals Corp (TSXV:EQTY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

EQMEF:USA EGSD:Germany

Address

1100 - 1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.equitymetalscorporation.com

Equity Metals Corp is engaged in the acquisition, exploration, and development of mineral and diamond properties in British Columbia, Saskatchewan and the Northwest Territories. It explores diamond, silver, and gold ores. The firm focuses on the exploration of diamonds on the Monument Property at Lac de Gras and gold and silver at the Silver Queen mine property, and also has interests in WO and La Ronge Silica project .

Executives

John Reynolds Kerr

Director

Equity Metals (TSXV:EQTY) Headlines

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