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African Potash (LSE:AFPO) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is African Potash Momentum Rank?

African Potash 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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African Potash (LSE:AFPO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » African Potash Ltd (LSE:AFPO) » Definitions » Momentum Rank
Comparable Companies
RKDA LSE:EDEN TSXV:GROW ISX:SRSN TSE:9992 BOM:539225 VEGL BSP:FHER3 BKK:PMTA-R BUE:INAG XKLS:5151 BOM:539470 HKSE:00706 NSE:AGROPHOS BOM:524288 BOM:524037 CGA WAR:BIK XBUL:AO0 XKLS:7222
Traded in Other Exchanges
N/A
Address
Richmond House, St Julian's Avenue, St Peter Port, GGY, GY1 1GZ
Website
http://www.blockcommodities.com
Block Commodities Ltd is focused on building a platform for the mining, production, and distribution of fertilizer. The business operates through various segments that are Trading, which trades fertilizer; and Exploration, which explores potash properties. The company operates in one geographical segment that is Africa. It has one project namely the Lac Dinga project.

African Potash (LSE:AFPO) Headlines

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