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Mrg Metals (ASX:MRQ) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is Mrg Metals Momentum Rank?

Mrg 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.

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Mrg Metals (ASX:MRQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mrg Metals Ltd (ASX:MRQ) » Definitions » Momentum Rank
Comparable Companies
ASX:OM1 ASX:CHK ASX:ALB ASX:BYH ASX:AUR ASX:C7A ASX:CUL ASX:AHN ASX:APC ASX:GES ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL MEX:GMEXICOB MIC:GMKN
Traded in Other Exchanges
N/A
Address
12 Anderson Street West, Ballarat, VIC, AUS, 3350
Website
https://www.mrgmetals.com.au
Mrg Metals Ltd is engaged in the exploration and development of gold, base metals, and other commodities within Australia and overseas. The projects of the company includes Linhuane Project, Corridor Project, Marao Project, and Marruca Project. The firm is organised into one operating segment is the exploration and development of heavy mineral sands within Mozambique.

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