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Generic Gold (XCNQ:GGC) Momentum Rank : 0 (As of May. 24, 2024)


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What is Generic Gold Momentum Rank?

Generic 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.

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Generic Gold (XCNQ:GGC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Generic Gold Corp (XCNQ:GGC) » Definitions » Momentum Rank
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Traded in Other Exchanges
GGCPF:USA
Address
217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2
Website
https://www.genericgold.ca
Generic Gold Corp is a gold exploration company. It is focused on gold projects in the Abitibi Greenstone Belt in Quebec, and the Gold Belt in the Yukon Territory of Canada. The company's project includes the Belvais project and the Yukon project. The company's operations comprise a single reporting operating segment engaged in mineral exploration in Canada.
Executives
Kelly James Malcolm Director

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