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

Maronan Metals (ASX:MMA) Momentum Rank : 0 (As of May. 28, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Maronan Metals Momentum Rank?

Maronan Metals 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.

Maronan Metals Momentum Rank Related Terms

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

Maronan Metals (ASX:MMA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Maronan Metals Ltd (ASX:MMA) » Definitions » Momentum Rank
Comparable Companies
ASX:IDA ASX:TLM ASX:SPD ASX:BRX ASX:MKR ASX:FEG ASX:HMX ASX:LCL ASX:RIM ASX:LOM ISX:AMMN JSE:AMS MIC:ALRS SZSE:000975 LSE:FRES ISX:MBMA JSE:IMP TSX:TFPM HL JSE:NPH
Traded in Other Exchanges
N/A
Address
15 Griffith Street, Cloncurry, QLD, AUS, 4824
Website
http://www.maronanmetals.com.au
Maronan Metals Ltd is engaged in identifying and securing prospective mineral tenements and undertaking exploration for and development of mineral resources. It owns the Maronan lead-silver and copper-gold Project. The project is located in Queensland, Australia.

Maronan Metals (ASX:MMA) Headlines

From GuruFocus

Alta Global Group Limited Announces Pricing of Initial Public Offering

By ACCESSWIRE • 03-28-2024