GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australasian Metals Ltd (ASX:A8G) » Definitions » Momentum Rank

Australasian Metals (ASX:A8G) Momentum Rank : 0 (As of Jun. 07, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Australasian Metals Momentum Rank?

Australasian 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.

Australasian Metals Momentum Rank Related Terms

Thank you for viewing the detailed overview of Australasian Metals's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Australasian Metals (ASX:A8G) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australasian Metals Ltd (ASX:A8G) » Definitions » Momentum Rank
Comparable Companies
ASX:NPM ASX:LSR ASX:ASR ASX:MMC ASX:MVL ASX:SNG ASX:YRL ASX:TRM ASX:FG1 ASX:VKA SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL ASX:NCM SHSE:600547 JSE:GFI
Traded in Other Exchanges
N/A
Address
123B Colin Street, Unit 34, Level 5, West Perth, Perth, WA, AUS, 6008
Website
https://www.australasiangold.com
Australasian Metals Ltd is a gold and lithium exploration company focused on projects in Australia. It holds three projects namely May Queen gold project, Mt Clermont gold project, the Fairview gold project, and the Mt Peake Lithium Project.

Australasian Metals (ASX:A8G) Headlines

No Headlines