FireFly Metals (ASX:FFM) Momentum Rank : 6 (As of Jun. 20, 2024)

View and export this data going back to 2005. Start your Free Trial

What is FireFly Metals Momentum Rank?

FireFly Metals has the Momentum Rank of 6.

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 FireFly Metals's Momentum Rank

For the Other Industrial Metals & Mining subindustry, FireFly 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.

FireFly Metals's Momentum Rank Distribution in the Metals & Mining Industry

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

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

FireFly Metals Momentum Rank Related Terms

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

FireFly Metals (ASX:FFM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MNXMF:USA

Address

8 Richardson, Level 2, Perth, WA, AUS, 6005

Website

https://www.fireflymetals.com.au

FireFly Metals Ltd is a high-grade copper and gold explorer developer in Canada. The company advances the Green Bay Copper-Gold Ming Mine project in Newfoundland & Labrador and exploring the high-grade Pickle Crow Gold project in Ontario.

FireFly Metals (ASX:FFM) Headlines

No Headlines