Talisman Mining (ASX:TLM) Momentum Rank : 6 (As of May. 05, 2024)

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What is Talisman Mining Momentum Rank?

Talisman Mining has the Momentum Rank of 6.

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 Talisman Mining's Momentum Rank

For the Other Precious Metals & Mining subindustry, Talisman Mining'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.

Talisman Mining's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Talisman Mining's Momentum Rank falls into.

Talisman Mining Momentum Rank Related Terms

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Talisman Mining (ASX:TLM) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

RJA:Germany

Address

33 Colin Street, Suite 1 Ground Level, West Perth, Perth, WA, AUS, 6005

Website

https://www.talismanmining.com.au

Talisman Mining Ltd is an Australian mineral development and exploration company. It explores base metals and other minerals, including copper, gold, and nickel. Its projects include the Lucknow Gold project and the Lachlan Copper-Gold project. It has a single geographical segment which is Australia and a single operating segment which is Regional Exploration. The company has also acquired Mabel Creek Copper-Gold Project in South Australia.

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