Battery Age Minerals (ASX:BM8) Momentum Rank : 0 (As of Jan. 18, 2025)

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What is Battery Age Minerals Momentum Rank?

Battery Age Minerals 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.

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Battery Age Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Battery Age Minerals Ltd (ASX:BM8) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

108 Street Georges Terrace, Level 50, Perth, WA, AUS, 6000

Website

https://www.batteryageminerals.au

Battery Age Minerals Ltd is a battery mineral-focused company. The company projects include Falcon Lake Project, Jessie Lake Project, Tidili Project and Bleiberg Project. The company is presently focused on the exploration of battery minerals such as lithium, copper, germanium, and zinc in Canada, Morocco, and Austria. The company has five geographical segments, Australia (Equinox Investment), Canada, Argentina (King Tut Project), Austria and Morocco.

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