Mountain Province Diamonds (Mountain Province Diamonds) Momentum Rank : 4 (As of May. 12, 2024)

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What is Mountain Province Diamonds Momentum Rank?

Mountain Province Diamonds 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 Mountain Province Diamonds's Momentum Rank

For the Other Precious Metals & Mining subindustry, Mountain Province Diamonds'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.

Mountain Province Diamonds's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mountain Province Diamonds's Momentum Rank falls into.

Mountain Province Diamonds Momentum Rank Related Terms

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Mountain Province Diamonds (Mountain Province Diamonds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mountain Province Diamonds Inc (OTCPK:MPVDF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MPG:Germany MPVD:Canada

Address

161 Bay Street, Suite 1410, P.O. Box 216, Toronto, ON, CAN, M5J 2S1

Website

https://www.mountainprovince.com

Mountain Province Diamonds Inc is engaged in the mining and marketing of rough diamonds. The Company supplies rough diamonds from its 49% ownership interest in the Gahcho Kue diamond mine (the GK Diamond Mine). The GK Diamond Mine is located in Canada's Northwest Territories. The Company also owns 100% of the mineral rights of the Kennady North Project (KNP) in Canada's Northwest Territories.