Sun Summit Minerals (TSXV:SMN) Momentum Rank : 7 (As of May. 15, 2024)

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What is Sun Summit Minerals Momentum Rank?

Sun Summit Minerals has the Momentum Rank of 7.

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 Sun Summit Minerals's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Sun Summit Minerals'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.

Sun Summit Minerals's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sun Summit Minerals's Momentum Rank falls into.

Sun Summit Minerals Momentum Rank Related Terms

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Sun Summit Minerals (TSXV:SMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sun Summit Minerals Corp (TSXV:SMN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SMREF:USA

Address

889 West Pender Street, c/o Suite 800, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sunsummitminerals.com

Sun Summit Minerals Corp is a Canadian mineral exploration company. The company is focused on developing a resource at the flagship Buck Project located in central British Columbia. Its projects include Chunibas Project, 1068 Project, and Other Projects. The company conducts its operations in Canada and Mexico.

Executives

Richard John Billingsley

10% Security Holder