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Norden Crown Metals (TSXV:NOCR) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Norden Crown Metals Momentum Rank?

Norden Crown Metals 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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Norden Crown Metals (TSXV:NOCR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norden Crown Metals Corp (TSXV:NOCR) » Definitions » Momentum Rank
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Traded in Other Exchanges
NOCRF:USA 03EA:Germany
Address
233 West 1st Street, Suite 340, North Vancouver, Vancouver, BC, CAN, V7M 1B3
Website
http://www.nordencrownmetals.com
Norden Crown Metals Corp is a mineral exploration company focused on the discovery of silver, zinc, copper, and gold deposits. It is engaged in one business activity, which is the exploration of base and precious metals. The company's projects include the Gumsberg VMS project and the Burfjord IOCG project.
Executives
David Thornley-hall Senior Officer

Norden Crown Metals (TSXV:NOCR) Headlines

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