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Nexa Resources PeruA (LIM:NEXAPEI1) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Nexa Resources PeruA Momentum Rank?

Nexa Resources PeruA 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.

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Nexa Resources PeruA (LIM:NEXAPEI1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nexa Resources Peru SAA (LIM:NEXAPEI1) » Definitions » Momentum Rank
Comparable Companies
LIM:VOLCAAC1 LIM:BROCALC1 ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL MEX:GMEXICOB MIC:GMKN TSX:TECK.B HKSE:03993 BOM:500188 SHSE:600111 ASX:S32 BOM:500295 TSX:IVN HKSE:09696
Traded in Other Exchanges
NEXAPEC1:Peru
Address
Avenida Circunvalacion del Club Golf Los Incas No. 170, Torre El Golf Block A, Piso 22, Santiago de Surco, Lima, PER
Website
https://www.nexaresources.com
Nexa Resources Peru SAA is engaged in the exploration, exploitation, production, and commercialization of concentrates of zinc, copper, and lead, the last two with gold and silver contents, which it extracts from its mining claims. Its mining units are in the regions of Pasco, Ica, and Moquegua in Peru.

Nexa Resources PeruA (LIM:NEXAPEI1) Headlines

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