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VRX Silica (ASX:VRX) Momentum Rank : 0 (As of Dec. 16, 2024)


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What is VRX Silica Momentum Rank?

VRX Silica 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.

VRX Silica Momentum Rank Related Terms

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VRX Silica Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » VRX Silica Ltd (ASX:VRX) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
52 Kings Park Road, Ground Floor, West Perth, WA, AUS, 6005
Website
https://www.vrxsilica.com.au
VRX Silica Ltd is engaged in the exploration and evaluation of mineral properties in Australia. Its projects include the Arrowsmith Silica Sand project, Muchea Silica Sand project, Boyatup Silica Sand project, and Biranup project. The Group has organized its operations into two reportable segments: Development assets and Exploration and evaluation assets, which includes assets that are associated with the determination and assessment of the existence of commercial economic reserves.

VRX Silica Headlines

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