Havilah Resources (ASX:HAV) Momentum Rank : 1 (As of May. 16, 2024)

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What is Havilah Resources Momentum Rank?

Havilah Resources has the Momentum Rank of 1.

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.

Competitive Comparison of Havilah Resources's Momentum Rank

For the Gold subindustry, Havilah Resources'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.

Havilah Resources's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Havilah Resources's Momentum Rank falls into.

Havilah Resources Momentum Rank Related Terms

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Havilah Resources (ASX:HAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Havilah Resources Ltd (ASX:HAV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FWL:Germany

Address

107 Rundle Street, Kent Town, SA, AUS, 5067

Website

https://www.havilah-resources.com.au

Havilah Resources Ltd is a mineral exploration and development company. The company explores Gold, copper, cobalt, and other base metals. It is engaged in exploring its projects in South Australia. The company holds interests in the Kalkaroo copper-gold-molybdenum project, Mutooroo copper-cobalt-gold project, Maldorky iron ore project, Grants iron ore project, and Prospect Hill tin project.

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