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Lucara Diamond (BOT:LUC) Momentum Rank : 0 (As of Dec. 15, 2024)


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What is Lucara Diamond Momentum Rank?

Lucara Diamond 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.

Lucara Diamond Momentum Rank Related Terms

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Lucara Diamond Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lucara Diamond Corp (BOT:LUC) » Definitions » Momentum Rank
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Traded in Other Exchanges
LUCRF:USA LUC:Sweden 0QUI:UK LUC:Canada
Address
1250 Homer Street, 502, Vancouver, BC, CAN, V6B 2Y5
Website
http://www.lucaradiamond.com
Lucara Diamond Corp is a diamond mining company engaged in the development and operations of diamond properties in Africa. Its business segment includes Karowe Mine, Corporate and other. The company earns the majority of its revenue from the Karowe Mine segment.

Lucara Diamond Headlines

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