AKEMF (Alaska Energy Metals) Momentum Rank : 9 (As of Dec. 15, 2024)

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What is Alaska Energy Metals Momentum Rank?

Alaska Energy Metals has the Momentum Rank of 9.

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 Alaska Energy Metals's Momentum Rank

For the Other Precious Metals & Mining subindustry, Alaska Energy Metals'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.

Alaska Energy Metals's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Alaska Energy Metals's Momentum Rank falls into.

Alaska Energy Metals Momentum Rank Related Terms

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Alaska Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alaska Energy Metals Corp (OTCPK:AKEMF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0V6Y:UK V7F:Germany V7F:Germany AEMC:Canada

Address

355 Burrard Street, Suite 1000, Vancouver, BC, CAN, V6C 2G8

Website

https://www.millrockresources.com

Alaska Energy Metals Corp is a Canada-based company engaged in the business activities of exploration and development of mineral resources. Through research and early-stage exploration, the company generates new exploration ideas, acquires mineral rights, and performs exploration work to identify drilling targets. The company derives revenue from contracts with customers through overhead recovery fees and exploration services. Its geographical segments include the USA, Mexico, and Canada, where the majority of its revenue comes from the USA.