GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » RareX Ltd (FRA:CK1) » Definitions » Momentum Rank

RareX (FRA:CK1) Momentum Rank : 0 (As of Jun. 22, 2024)


View and export this data going back to 2007. Start your Free Trial

What is RareX Momentum Rank?

RareX 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.

RareX Momentum Rank Related Terms

Thank you for viewing the detailed overview of RareX's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

RareX (FRA:CK1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » RareX Ltd (FRA:CK1) » Definitions » Momentum Rank
Comparable Companies
ASX:AGR ASX:ACP ASX:AUZ ASX:PUR ASX:PVT ASX:LPM ASX:KNG ASX:LU7 ASX:PFE ASX:HLX ASX:BHP ASX:RIO LSE:RIO LSE:GLEN ASX:FMG BSP:VALE3 SAU:1211 MEX:GMEXICOB LSE:AAL BOM:500188
Traded in Other Exchanges
REEEF:USA REE:Australia
Address
338 Barker Road, Level1, Subiaco, WA, AUS, 6008
Website
https://www.rarex.com.au
RareX Ltd is an Australian specialist rare earth company engaged in developing the Cummins Range Rare Earth Project in the East Kimberly region of Western Australia. Its project portfolio includes the Cummins Range, Hong Kong Gold Project, and NSW Copper Gold. The company's operating segment includes Rare Earths (Western Australia); Gold/Nickel/Copper (Western Australia); Cobalt/Nickel (Austria); Cobalt (Morocco); Copper/Gold (New South Wales); Copper/Gold (Kenya) and Corporate.

RareX (FRA:CK1) Headlines

No Headlines