Southern Hemisphere Mining (ASX:SUH) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is Southern Hemisphere Mining Momentum Rank?

Southern Hemisphere Mining 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.

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Southern Hemisphere Mining (ASX:SUH) Business Description

Industry

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Traded in Other Exchanges

NK4:Germany

Address

20 Howard Street, Suite 2, Perth, WA, AUS, 6000

Website

https://www.shmining.com.au

Southern Hemisphere Mining Ltd is an exploration stage company that is engaged in the acquisition and exploration of mineral properties, principally located in Chile, South America, and Pilbara. The exploration projects of the company are the Llahuin Copper-Gold Project, Colina2 Gold Project, Rincon Copper-Gold Project, Los Pumas Project.

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