Lindian Resources (ASX:LIN) Momentum Rank : 6 (As of Apr. 28, 2025)

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What is Lindian Resources Momentum Rank?

Lindian Resources has the Momentum Rank of 6.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Lindian Resources's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Lindian Resources'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.

Lindian Resources's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Lindian Resources's Momentum Rank falls into.

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Lindian Resources Momentum Rank Related Terms

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Lindian Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lindian Resources Ltd (ASX:LIN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 St Georges Terrace, Level 15, Perth, WA, AUS, 6000

Website

https://www.lindianresources.com.au

Lindian Resources Ltd is an Australia-based mineral exploration company. The group focuses on exploring and developing critical resources, including rare earths and bauxite, which are essential for modern technologies. This includes electric vehicles (EVs), electronic infrastructure, solar panels, rechargeable batteries, wind turbines, medical imaging equipment, and various manufacturing processes. Lindian's Kangankunde Rare Earths Project is a rare earth resource with the potential for size, grade, and quality. It also holds interests in other projects such as the Lelouma, Woula, and Gaoual projects in Guinea; and the Lushoto, Pare, and Uyowa projects in Tanzania. Geographically, the company operates in Australia which derives maximum revenue, Tanzania, Guinea, and Malawi.