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Ashley Gold (XCNQ:ASHL) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Ashley Gold Momentum Rank?

Ashley Gold 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.

Ashley Gold Momentum Rank Related Terms

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Ashley Gold (XCNQ:ASHL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ashley Gold Corp (XCNQ:ASHL) » Definitions » Momentum Rank
Comparable Companies
XCNQ:DEEP XCNQ:QMET TSXV:AML XCNQ:SXTY XCNQ:NEWD TSXV:GDX XCNQ:HRK TSXV:TRA TSXV:CIO TSXV:DMR SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL ASX:NCM SHSE:600547 JSE:GFI
Traded in Other Exchanges
N/A
Address
707 - 7 Avenue SW, Suite 1150, Calgary, AB, CAN, T2P 3H6
Website
https://www.ashleygoldcorp.com
Ashley Gold Corp is engaged in the acquisition and exploration of mineral properties in the natural resource sector with the long-term goal of divesting its investment assets at a profit. The company projects include Tabor Lake Mine, Howie Lake and Alto-Gardnar.
Executives
George Elliott Stephenson Director, Senior Officer

Ashley Gold (XCNQ:ASHL) Headlines

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