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Lake Resources NL (ASX:LKE) Momentum Rank : 0 (As of May. 01, 2024)


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What is Lake Resources NL Momentum Rank?

Lake Resources NL 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.

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Lake Resources NL (ASX:LKE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lake Resources NL (ASX:LKE) » Definitions » Momentum Rank
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ASX:EQR ASX:MLG ASX:TVN ASX:MSV ASX:LMG ASX:IMA ASX:AZL ASX:QPM ASX:AW1 ASX:VHM ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
LLKKF:USA LK1:Germany
Address
126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000
Website
https://www.lakeresources.com.au
Lake Resources NL is a is a lithium exploration company. The principal activities of the company are the exploration and development of lithium brine projects and lithium hard rock projects; and exploration for minerals. The company projects include Olaroz/Cauchari, Paso, Kachi, and Catamarca Pegmatites.

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