Euro Sun Mining (Euro Sun Mining) Momentum Rank : 0 (As of Jun. 10, 2024)

View and export this data going back to 2003. Start your Free Trial

What is Euro Sun Mining Momentum Rank?

Euro Sun Mining 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.

Euro Sun Mining Momentum Rank Related Terms

Thank you for viewing the detailed overview of Euro Sun Mining's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Euro Sun Mining (Euro Sun Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Euro Sun Mining Inc (OTCPK:CPNFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

OL11:Germany ESM:Canada

Address

66 Wellington Street West, Suite 5300, TD Bank Tower Box 48, Toronto, ON, CAN, M5K 1E6

Website

https://www.eurosunmining.com

Euro Sun Mining Inc operates as an exploration and development company that focuses primarily on gold and copper exploration on its property in Romania. It holds interests in its 100% owned Rovina Valley Project (RVP) located in west-central Romania.