Galan Lithium (ASX:GLN) Momentum Rank : 4 (As of Dec. 15, 2024)

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What is Galan Lithium Momentum Rank?

Galan Lithium has the Momentum Rank of 4.

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 Galan Lithium's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Galan 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.

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

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

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

Galan Lithium Momentum Rank Related Terms

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Galan Lithium Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galan Lithium Ltd (ASX:GLN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GLNLF:USA 9CH:Germany

Address

50 Kings Park Road, Level 1, Perth, WA, AUS, 6005

Website

https://www.galanlithium.com.au

Galan Lithium Ltd is a mineral exploration company in Australia. It is engaged in identifying, acquiring and/or developing mineral projects. Its minerals portfolio includes Greenbushes South project and Hombre Muerto Project that explores lithium. It also has Alasehir Oil Licence in Turkey.

Galan Lithium Headlines

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