Rome Resources (FRA:33R) Momentum Rank : 4 (As of May. 15, 2024)

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What is Rome Resources Momentum Rank?

Rome Resources has the Momentum Rank of 4.

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 Rome Resources's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Rome 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.

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

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

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

Rome Resources Momentum Rank Related Terms

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Rome Resources (FRA:33R) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

RMR:Canada

Address

688 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6B 1P1

Website

https://www.romeresources.com

Rome Resources Ltd engages in the acquisition, exploration, and evaluation of mineral properties. The company has entered into option agreements on two contiguous properties located in the Walikale District of North Kivu Province in the eastern Democratic Republic of Congo. The company's project include the Bisie North Tin Project.

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