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New Break Resources (XCNQ:NBRK) Momentum Rank : 0 (As of May. 30, 2024)


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What is New Break Resources Momentum Rank?

New Break Resources 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.

New Break Resources Momentum Rank Related Terms

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New Break Resources (XCNQ:NBRK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Break Resources Ltd (XCNQ:NBRK) » Definitions » Momentum Rank
Comparable Companies
XCNQ:GMR XCNQ:SANU TSXV:RUSH XCNQ:SPOD TSXV:FG TSXV:MMV TSXV:PPP TSXV:GLDL TSXV:AXM TSXV:RG SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL ASX:NCM SHSE:600547 JSE:GFI
Traded in Other Exchanges
N/A
Address
18 King Street East, Suite 902, Toronto, CAN, M5C 1C4
Website
https://www.newbreakresources.ca
New Break Resources Ltd is a Canadian mineral exploration and development company. The Company is engaged in the acquisition, exploration, and evaluation of mineral properties in Canada. New Break is focused on gold exploration at its Moray Gold Project, located 49 km south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. and at its four projects in Kivalliq Region, Nunavut, including the Sundog Gold Project and Esker Gold Project.
Executives
William Donald Love Senior Officer

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