Botswana Diamonds (BOT:BOD) Momentum Rank : 0 (As of Dec. 15, 2024)

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What is Botswana Diamonds Momentum Rank?

Botswana Diamonds 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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Botswana Diamonds Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Botswana Diamonds PLC (BOT:BOD) » Definitions » Momentum Rank

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Traded in Other Exchanges

BOD.GB:UK BOD:UK EG5:Germany

Address

162 Clontarf Road, Dublin, IRL, 3

Website

https://www.botswanadiamonds.co.uk

Botswana Diamonds PLC is a diamond exploration and development company that has exploration projects in Cameroon and Mozambique. It operates in two of the kimberlite clusters, Orapa where the mines are, and in Gope in the Kalahari Desert, which is an emerging diamond province. The Company is organised into three segments include Botswana, Zimbabwe and South Africa. The company's operations include Botswana Sunland Minerals, Botswana Maibwe, South Africa Vutomi, and others.

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