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Bold Ventures (TSXV:BOL) Momentum Rank : 0 (As of Sep. 21, 2024)


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What is Bold Ventures Momentum Rank?

Bold Ventures 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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Bold Ventures Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bold Ventures Inc (TSXV:BOL) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
22 Adelaide Street West, Suite 3600, Bay Adelaide Centre - East Tower, Toronto, ON, CAN, M5H 4E3
Website
http://www.boldventuresinc.com
Bold Ventures Inc is an operator of an exploration company intended to explore the base and precious metals in Canada. The company explores properties located in active battery and precious metals camps in the Thunder Bay and Wawa regions of Ontario and holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, and in the James Bay Lowlands of Northern Ontario, enabling the company to locate and develop mineral wealth on behalf of shareholders.
Executives
David Bruce Graham Director

Bold Ventures Headlines

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