Minaurum Gold (TSXV:MGG) Momentum Rank : 10 (As of Apr. 27, 2024)

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What is Minaurum Gold Momentum Rank?

Minaurum Gold has the Momentum Rank of 10.

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.

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Competitive Comparison of Minaurum Gold's Momentum Rank

For the Gold subindustry, Minaurum Gold's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Minaurum Gold's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Minaurum Gold's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Minaurum Gold's Momentum Rank falls into.

Minaurum Gold Momentum Rank Related Terms

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Minaurum Gold (TSXV:MGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minaurum Gold Inc (TSXV:MGG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MMRGF:USA 78M:Germany

Address

200 Granville Street, Suite 2710, Vancouver, BC, CAN, V6C 1S4

Website

https://www.minaurum.com

Minaurum Gold Inc is a regional explorer focusing on the exploration and development of high-grade gold and silver projects in the Southern Sonora State, Oaxaca-Chiapas region and Guerrero Gold Belt. It holds interest in Taviche Project, Alamos (Quintera) Project, Santa Marta Project, Vuelcos del Destino Property, Adelita Property, and Aurena Property. The Company operates in one segment the acquisition and exploration of exploration and evaluation assets. It operates in Mexico and the United States.

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