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FNICF (Fathom Nickel) Momentum Rank : 0 (As of Apr. 19, 2025)


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What is Fathom Nickel Momentum Rank?

Fathom Nickel has the Momentum Rank of 0.

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.

Fathom Nickel Momentum Rank Related Terms

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Fathom Nickel Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fathom Nickel Inc (OTCPK:FNICF) » Definitions » Momentum Rank
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Traded in Other Exchanges
6Q5:Germany FNI:Canada
Address
1240 Kensington Road NorthWest, Suite 311, No. 104, Calgary, AB, CAN, T2N3P7
Website
https://www.fathomnickel.com
Fathom Nickel Inc is a resource development and exploration company engaged in exploring base and precious metals in Canada. The company is targeting high-grade nickel sulfide discoveries for use in the rapidly growing electric vehicle market and green energy market. The projects of the company include Albert Lake Project and Gochager Lake Project.