Bougainville Copper (FRA:BOU1) Momentum Rank : 9 (As of Dec. 14, 2024)

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What is Bougainville Copper Momentum Rank?

Bougainville Copper has the Momentum Rank of 9.

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.

Competitive Comparison of Bougainville Copper's Momentum Rank

For the Other Precious Metals & Mining subindustry, Bougainville Copper'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.

Bougainville Copper's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Bougainville Copper's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bougainville Copper's Momentum Rank falls into.

Bougainville Copper Momentum Rank Related Terms

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Bougainville Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bougainville Copper Ltd (FRA:BOU1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BOCOF:USA BOU1:Germany BOC:Australia

Address

Level 5, BSP Haus, Harbour City, Lot 2 on Allotment 34, Section 44, Konedobu, Granville, Port Moresby, PNG

Website

https://www.bcl.com.pg

Bougainville Copper Ltd is an investing company. The company focuses on exploration and sustainable, profitable Papua New Guinea mining in the Autonomous Bougainville Province. Revenue generated by the company mainly comprises interest income and dividend income.

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