GMV Minerals (TSXV:GMV) Momentum Rank : 2 (As of Jun. 09, 2024)

View and export this data going back to 2006. Start your Free Trial

What is GMV Minerals Momentum Rank?

GMV Minerals has the Momentum Rank of 2.

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 GMV Minerals's Momentum Rank

For the Gold subindustry, GMV Minerals'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.

GMV Minerals's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where GMV Minerals's Momentum Rank falls into.

GMV Minerals Momentum Rank Related Terms

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

GMV Minerals (TSXV:GMV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GMV Minerals Inc (TSXV:GMV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GMVMF:USA G3MN:Germany

Address

West Georgia Street, Suite 1050-1090, Vancouver, BC, CAN, V6E 3V7

Website

https://www.gmvminerals.com

GMV Minerals Inc is an exploration stage and its principal business activity is the sourcing and exploration of mineral properties. The company is in the process of exploring its principal mineral properties in SE Arizona. It has one operating segment: mineral exploration. GMV Minerals operates in one geographical segment, the United States of America. The company, through its subsidiary, holds an interest in a mining property lease, referred to as the Mexican Hat project.

Executives

Alistair Maclennan

Director, Senior Officer

GMV Minerals (TSXV:GMV) Headlines

No Headlines