Brockman Mining (HKSE:00159) Momentum Rank : 1 (As of Jun. 20, 2024)

View and export this data going back to 1985. Start your Free Trial

What is Brockman Mining Momentum Rank?

Brockman Mining has the Momentum Rank of 1.

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 Brockman Mining's Momentum Rank

For the Steel subindustry, Brockman Mining'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.

Brockman Mining's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Brockman Mining's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Brockman Mining's Momentum Rank falls into.

Brockman Mining Momentum Rank Related Terms

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

Brockman Mining (HKSE:00159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Brockman Mining Ltd (HKSE:00159) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BCK:Australia

Address

679 Murray Street, Level 2, Perth, WA, AUS, 6005

Website

http://www.brockmanmining.com

Brockman Mining Ltd is an investment holding company principally engaged in the exploration and development of iron ore mining projects. Its reportable segments are Mineral tenements in Australia and Others. Its project includes the Marillana Iron Ore Project, West Pilbara Project, and Ophthalmia Project. Its geographical segments are Australia and Hong Kong.

Executives

Cheung Sze Wai Catherine	2202 Interest of your spouse
Luk Kin Peter Joseph	2101 Beneficial owner
Cheung Wai Fung	2202 Interest of your spouse
Kwai Sze Hoi	2101 Beneficial owner
Kq Resources Limited	2101 Beneficial owner
Ocean Line Holdings Limited	2101 Beneficial owner

Brockman Mining (HKSE:00159) Headlines

No Headlines