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Tarachi Gold (XCNQ:TRG) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Tarachi Gold Momentum Rank?

Tarachi 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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Tarachi Gold (XCNQ:TRG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tarachi Gold Corp (XCNQ:TRG) » Definitions » Momentum Rank
Comparable Companies
TSXV:BGF TSXV:CAND TSXV:TES TSXV:GOFL XCNQ:STWO TSXV:EMR TSXV:IMR TSXV:CGD TSXV:SYG TSXV:KIB SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL SHSE:600547 ASX:NCM JSE:GFI
Traded in Other Exchanges
TRGGF:USA 4RZ:Germany
Address
700 -1090 West Georgia Street, Vancouver, BC, CAN, V6E 3V7
Website
https://www.tarachigold.com
Tarachi Gold Corp is a gold development and exploration company engaged in the evaluation and development of assets in Mexico. The company's project includes Tarachi Project in Sonora State and Magistral Mills & Tailings in Durango State.
Executives
Michael Konnert Director

Tarachi Gold (XCNQ:TRG) Headlines

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