PJX Resources (TSXV:PJX) Momentum Rank : 3 (As of Jun. 06, 2024)

View and export this data going back to 2011. Start your Free Trial

What is PJX Resources Momentum Rank?

PJX Resources 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 PJX Resources's Momentum Rank

For the Other Industrial Metals & Mining subindustry, PJX Resources'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.

PJX Resources's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where PJX Resources's Momentum Rank falls into.

PJX Resources Momentum Rank Related Terms

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

PJX Resources (TSXV:PJX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PJXRF:USA

Address

100 King Street West, Suite 5600, One First Canadian Place, Toronto, ON, CAN, M5X 1C9

Website

https://www.pjxresources.com

PJX Resources Inc is an exploration stage company engaged in the exploration of mineral properties located in the Cranbrook area of British Columbia. Some of the company's properties include the Dewdney Trail Property, the Eddy Property, the Zinger Property, the Vine Property, the West Basin, the Gold Shear Property, the Parker Copper Property and the DD Property. It operates in one business segment, being the business of acquiring and exploring mineral properties in Canada.

Executives

Paul Crossett

10% Security Holder

PJX Resources (TSXV:PJX) Headlines

No Headlines