Volcanic Gold Mines (TSXV:VG) Momentum Rank : 10 (As of May. 10, 2024)

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What is Volcanic Gold Mines Momentum Rank?

Volcanic Gold Mines 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 Volcanic Gold Mines's Momentum Rank

For the Gold subindustry, Volcanic Gold Mines'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.

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

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

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

Volcanic Gold Mines Momentum Rank Related Terms

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Volcanic Gold Mines (TSXV:VG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

VLMZF:USA CKC2:Germany

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.volgold.com

Volcanic Gold Mines Inc is a Canadian company that is principally engaged in the acquisition and exploration of resource properties. It holds an interest in the Holly and Banderas property located in Guatemala. The company operates through a single segment being the Acquisition, exploration, and evaluation of resource properties.