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Visible Gold Mines (TSXV:VGD) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Visible Gold Mines Momentum Rank?

Visible Gold Mines 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.

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Visible Gold Mines (TSXV:VGD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Visible Gold Mines Inc (TSXV:VGD) » Definitions » Momentum Rank
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Traded in Other Exchanges
VGMIF:USA 3V41:Germany
Address
147 Quebec Avenue (porte arriere), Rouyn-Noranda, QC, CAN, J9X 6M8
Website
https://www.visiblegoldmines.com
Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment. Its properties include CarLi Project, Piko Property, NataLi Project, Veronik, Piko, Horsefly, Hazeur and others.
Executives
Sylvain Champagne Director, Senior Officer

Visible Gold Mines (TSXV:VGD) Headlines

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