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Mt Malcolm Mines NL (ASX:M2M) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Mt Malcolm Mines NL Momentum Rank?

Mt Malcolm Mines NL 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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Mt Malcolm Mines NL (ASX:M2M) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mt Malcolm Mines NL (ASX:M2M) » Definitions » Momentum Rank
Comparable Companies
ASX:MDI ASX:NES ASX:SMS ASX:FAU ASX:WSR ASX:GNM ASX:SFM ASX:DBO ASX:DAF ASX:DMG 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
8 Sarich Court, Osborne Park, Perth, WA, AUS, 6017
Website
https://www.mtmalcolm.com.au
Mt Malcolm Mines NL is a gold-focused exploration company. Its key project is the Malcolm Project located in the Mt Malcolm District of the Mt Margaret Mineral Field in Western Australia. The firm is organised into two operating segments, which is corporate and exploration operations.

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