King Global Ventures (TSXV:KING) Momentum Rank : 7 (As of May. 15, 2024)

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What is King Global Ventures Momentum Rank?

King Global Ventures has the Momentum Rank of 7.

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 King Global Ventures's Momentum Rank

For the Gold subindustry, King Global Ventures'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.

King Global Ventures's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where King Global Ventures's Momentum Rank falls into.

King Global Ventures Momentum Rank Related Terms

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King Global Ventures (TSXV:KING) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » King Global Ventures Inc (TSXV:KING) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KGLDF:USA

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.kingtsxv.com

King Global Ventures Incny is a junior prospecting and natural resource company, focused on growing exploration and mineral assets to build shareholder value. The Company's properties are located in Newfoundland and Quebec, Canada and Nicaragua.