Adventus Mining (STU:AZC) Momentum Rank : 8 (As of May. 12, 2024)

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What is Adventus Mining Momentum Rank?

Adventus Mining has the Momentum Rank of 8.

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 Adventus Mining's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Adventus 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.

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

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

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

Adventus Mining Momentum Rank Related Terms

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Adventus Mining (STU:AZC) Business Description

Industry

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Traded in Other Exchanges

ADVZF:USA ADZN:Canada

Address

220 Bay Street, Suite 550, Toronto, ON, CAN, M5J 2W4

Website

https://www.adventusmining.com

Adventus Mining Corp is an Ecuador-focused copper-gold exploration and development company. The company is advancing the project through a feasibility study while exploring the broader Curipamba district. In addition, it is engaged in a country-wide exploration alliance with its partners in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects. The company also controls an exploration project portfolio in Ireland with South32 Limited as a funding partner as well as an investment portfolio of equities in several exploration companies.

Adventus Mining (STU:AZC) Headlines

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