Abcourt Mines (Abcourt Mines) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is Abcourt Mines Momentum Rank?

Abcourt Mines 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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Abcourt Mines (Abcourt Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abcourt Mines Inc (OTCPK:ABMBF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AML:Germany ABI:Canada

Address

475 de l’Eglise Avenue, Rouyn-Noranda, QC, CAN, J0Z 1Y1

Website

http://www.abcourt.com

Abcourt Mines Inc is a gold producer and Canadian exploration company. It is engaged in the acquisition, exploration, evaluation, and exploitation of mining properties. The company's operating segment include Mining site in production; Prospection and development and Corporate. It generates maximum revenue from the Mining site in production segment.

Abcourt Mines (Abcourt Mines) Headlines

From GuruFocus

Abcourt Announces its Results for the Fourth Quarter and the Year ended June 30, 2023

By GlobeNewswire • 11-24-2023

Abcourt files the Mineral Resource Update Technical Report for the Sleeping Giant Mine

By GlobeNewswire GlobeNewswire • 01-25-2023