Anglo Asian Mining (LSE:AAZ) Momentum Rank : 2 (As of May. 15, 2024)

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What is Anglo Asian Mining Momentum Rank?

Anglo Asian Mining has the Momentum Rank of 2.

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 Anglo Asian Mining's Momentum Rank

For the Gold subindustry, Anglo Asian 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.

Anglo Asian Mining's Momentum Rank Distribution in the Metals & Mining Industry

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

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

Anglo Asian Mining Momentum Rank Related Terms

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Anglo Asian Mining (LSE:AAZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anglo Asian Mining PLC (LSE:AAZ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AGXKF:USA AAZ.GB:UK A4A:Germany

Address

2 Izmir Street, 3rd Floor, Tower 2, Hyatt Regency Business Centre, Baku, AZE, AZ1065

Website

http://www.angloasianmining.com

Anglo Asian Mining PLC is involved in the exploration and development of gold and copper projects in the Republic of Azerbaijan and the operation of the Flagship project Gedabek gold/copper mine in the Republic of Azerbaijan. The business activity of the group functions through the mining operation segment. Also, the company explores the projects Gosha, and Ordubad located in Azerbaijan. It derives maximum revenue from Gold within dore and gold bullion.

Anglo Asian Mining (LSE:AAZ) Headlines

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