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Pegmatite One Lithium and Gold (XCNQ:PGA) Momentum Rank : 0 (As of Jun. 01, 2024)


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What is Pegmatite One Lithium and Gold Momentum Rank?

Pegmatite One Lithium and 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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Pegmatite One Lithium and Gold (XCNQ:PGA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pegmatite One Lithium and Gold Corp (XCNQ:PGA) » Definitions » Momentum Rank
Comparable Companies
TSXV:PGC XCNQ:MIRL XCNQ:NCLR TSXV:GBRC XCNQ:NSG TSXV:WGLD TSXV:REYG TSXV:DNO TSXV:INFM TSXV:TRU 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
789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2
Website
https://www.madiminerals.com
Pegmatite One Lithium and Gold Corp, formerly Madi Minerals Ltd is focused entirely on gold exploration in British Columbia. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration. The company includes two projects in the there portfolio: the Georgina Project and Morrison River Property.

Pegmatite One Lithium and Gold (XCNQ:PGA) Headlines

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