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Buxton Resources (HAM:3B4) Momentum Rank : 0 (As of Jun. 22, 2024)


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What is Buxton Resources Momentum Rank?

Buxton Resources 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.

Buxton Resources Momentum Rank Related Terms

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Buxton Resources (HAM:3B4) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Buxton Resources Ltd (HAM:3B4) » Definitions » Momentum Rank
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Traded in Other Exchanges
BUX:Australia
Address
14-16 Rowland Street, Suite 1, First Floor, Subiaco, Perth, WA, AUS, 6008
Website
https://www.buxtonresources.com.au
Buxton Resources Ltd is a mineral exploration company which is engaged in the development of precious metal, base metal and iron deposits in Western Australia. Its projects include Fraser Range, West Kimberley and many more. The company operates in one business segment and two geographical segments, namely the mineral exploration industry in Australia and Arizona, USA.

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