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Lithium Royalty (TSX:LIRC) Momentum Rank : 0 (As of May. 23, 2024)


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What is Lithium Royalty Momentum Rank?

Lithium Royalty has the Momentum Rank of 0.

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.

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Lithium Royalty (TSX:LIRC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Royalty Corp (TSX:LIRC) » Definitions » Momentum Rank
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Traded in Other Exchanges
LITRF:USA X1Q:Germany
Address
1133 Yonge Street, 5th Floor, Toronto, ON, CAN, M4T 2Y7
Website
https://www.lithiumroyaltycorp.com
Lithium Royalty Corp is a lithium-focused royalty company organized in Canada. The firm with affiliates or joint venture partners has established a portfolio of royalties on mineral properties that supply and are expected to supply raw materials to support the electrification and decarbonization of the global economy.
Executives
Blair Levinsky Director, Senior Officer

Lithium Royalty (TSX:LIRC) Headlines

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