ALLIF (Atlantic Lithium) Momentum Rank : 1 (As of Dec. 16, 2024)

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What is Atlantic Lithium Momentum Rank?

Atlantic Lithium has the Momentum Rank of 1.

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 Atlantic Lithium's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Atlantic Lithium'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.

Atlantic Lithium's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Atlantic Lithium's Momentum Rank falls into.

Atlantic Lithium Momentum Rank Related Terms

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Atlantic Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlantic Lithium Ltd (OTCPK:ALLIF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ALLGH:Ghana ALL:UK BSG0:Germany A11:Australia

Address

123 Pitt Street, Level 17, Angel Place, Sydney, NSW, AUS, 2000

Website

https://www.atlanticlithium.com.au

Atlantic Lithium Ltd is an Australia-based lithium exploration and development company. It owns an extensive portfolio of exploration and development assets providing exploration upside across both Ghana and Cote d'Ivoire.

Atlantic Lithium Headlines

From GuruFocus

Atlantic Lithium Limited Announces TR1 - Notification of Major Holdings

By ACCESSWIRE ACCESSWIRE • 12-21-2021