GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tier One Silver Inc (FRA:TOV0) » Definitions » Momentum Rank

Tier One Silver (FRA:TOV0) Momentum Rank : 5 (As of Oct. 31, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Tier One Silver Momentum Rank?

Tier One Silver has the Momentum Rank of 5.

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 Tier One Silver's Momentum Rank

For the Other Precious Metals & Mining subindustry, Tier One Silver'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.


Tier One Silver's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Tier One Silver's Momentum Rank falls into.



Tier One Silver Momentum Rank Related Terms

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


Tier One Silver Business Description

Traded in Other Exchanges
Address
1177 West Hastings Street, Suite 1630, Vancouver, BC, CAN, V6E 2K3
Tier One Silver Inc is engaged in the acquisition, exploration, and development of mineral property interests with a focus on Peru. Its project includes Hurricane Silver; Curibaya; Coastal Batholith and Corisur. The Company operates in one reportable segment, the exploration and evaluation of unproven exploration and evaluation assets.

Tier One Silver Headlines

No Headlines