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Viridis Mining and Minerals (ASX:VMM) Momentum Rank : 3 (As of Apr. 26, 2025)


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What is Viridis Mining and Minerals Momentum Rank?

Viridis Mining and Minerals has the Momentum Rank of 3.

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 Viridis Mining and Minerals's Momentum Rank

For the Coking Coal subindustry, Viridis Mining and Minerals'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.

Viridis Mining and Minerals's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Viridis Mining and Minerals's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Viridis Mining and Minerals's Momentum Rank falls into.


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Viridis Mining and Minerals Momentum Rank Related Terms

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Viridis Mining and Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Viridis Mining and Minerals Ltd (ASX:VMM) » Definitions » Momentum Rank
Comparable Companies
ASX:JAL ASX:AJL ASX:AVM ASX:CKA ASX:TIG ASX:BCB SZSE:000723 HCC ISX:ADMR MIC:RASP HKSE:00639 AMR SHSE:600997 SHSE:600740 ASX:SMR SHSE:600397 SXC HKSE:00975 SHSE:601011 SZSE:000655
Traded in Other Exchanges
N/A
Address
108 St Georges Terrace, Level 50, Perth, WA, AUS, 6000
Website
https://www.viridismining.com.au
Viridis Mining and Minerals Ltd is a mineral exploration company. It operates in the geographical areas of Australia and Canada. The company's projects include South Kitikmeot Gold Project, which the company considers to be prospective for gold, the Boddington West Project, which the company considers to be prospective for gold, the Bindoon Project, which the Company considers to be prospective for nickel, copper and platinum group elements, Poochera Project and Smoky Halloysite Project, which the Company considers to be prospective for kaolin-halloysite.