Impala Platinum Holdings (Impala Platinum Holdings) Momentum Rank : 2 (As of Apr. 29, 2024)

View and export this data going back to 2001. Start your Free Trial

What is Impala Platinum Holdings Momentum Rank?

Impala Platinum Holdings has the Momentum Rank of 2.

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 Impala Platinum Holdings's Momentum Rank

For the Other Precious Metals & Mining subindustry, Impala Platinum Holdings'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.

Impala Platinum Holdings's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Impala Platinum Holdings's Momentum Rank falls into.

Impala Platinum Holdings Momentum Rank Related Terms

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

Impala Platinum Holdings (Impala Platinum Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Impala Platinum Holdings Ltd (OTCPK:IMPUY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IMP:South Africa IMPUF:USA IPHB:Germany

Address

2 Fricker Road, Illovo, Johannesburg, GT, ZAF, 2196

Website

https://www.implats.co.za

Impala Platinum Holdings Ltd is one of the world's largest producers of platinum and associated platinum group metals, including palladium and rhodium. The company is structured with five main operations located in Impala, Zimplats, Marula, Mimosa, and Two Rivers. Impala is the group's main operational unit and is situated on the Impala lease area on the western limb of Bushveld, east of Johannesburg in South Africa, and is one of the largest platinum-group-metal-bearing ore bodies in the world. The Impala operation comprises a 10-shaft mining complex and concentrating and smelting plants.

Impala Platinum Holdings (Impala Platinum Holdings) Headlines

From GuruFocus

Impala Platinum Is a Great Way to Invest in Unloved Precious Metals

By Holmes Osborne, CFA Holmes Osborne, CFA • 03-27-2018

Review of 10 Ideas on GuruFocus

By Holmes Osborne, CFA Holmes Osborne, CFA • 11-01-2016

THOMAS WHITE INTERNATIONAL LTD Buys 2, Sells 3 in 2nd Quarter

By GuruFocus Research GuruFocus Editor • 08-14-2022

Impala Platinum Holdings Ltd (IMPUY): A Deep Dive into Its Dividend Performance

By GuruFocus Research • 09-21-2023

Impala Platinum: Troubled Company, Interesting Stock

By Holmes Osborne, CFA Holmes Osborne, CFA • 03-04-2016