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Empire Metals (TSXV:EP) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Empire Metals Momentum Rank?

Empire Metals 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.

Empire Metals Momentum Rank Related Terms

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Empire Metals (TSXV:EP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Empire Metals Corp (TSXV:EP) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
889 West Pender Street, Suite 702, Vancouver, BC, CAN, V6C 3B2
Website
https://www.empiremetalscorp.com
Empire Metals Corp is an exploration-stage company in Canada. The company is involved in the business of exploration and development of lithium aquifer brines in Fox Creek, Alberta; and the development and exploration of platinum, palladium, graphite, nickel, and gold in Thunder Bay and Northern Ontario, Canada. It also holds interest in Gwyn Lake and Graphite West Claims. It operates in one industry and geographic segment, the mineral resource industry with all current exploration activities conducted in Canada.