Kore Potash (JSE:KP2) Momentum Rank : 1 (As of Dec. 12, 2024)

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What is Kore Potash Momentum Rank?

Kore Potash 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 Kore Potash's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Kore Potash'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.

Kore Potash's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Kore Potash's Momentum Rank falls into.

Kore Potash Momentum Rank Related Terms

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Kore Potash Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kore Potash PLC (JSE:KP2) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KP2:UK KP10:Germany KP2:Australia

Address

45 Gresham Street, London, GBR, EC2V 7BG

Website

https://www.korepotash.com

Kore Potash PLC is an exploration and development company operating in a single segment which is mineral exploration in Central Africa. The principal activity of the Company is exploration for potash minerals prospects and project development at the Group's Kola Mining and Dougou Mining Permit in the RoC. The primary asset of the company is the Sintoukola Potash SA (SPSA) project in the Republic of Congo. This project comprises the Kola sylvinite and carnallite deposits, the Dougou Extension sylvinite deposit, and the Dougou carnallite deposit.

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