Power Metal Resources (LSE:POW) Momentum Rank : 5 (As of Dec. 13, 2024)

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What is Power Metal Resources Momentum Rank?

Power Metal Resources has the Momentum Rank of 5.

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 Power Metal Resources's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Power Metal Resources'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.

Power Metal Resources's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Power Metal Resources's Momentum Rank falls into.

Power Metal Resources Momentum Rank Related Terms

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

Power Metal Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Power Metal Resources PLC (LSE:POW) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

POWMF:USA POW:UK

Address

3 -7 Temple Avenue, 201 Temple Chambers, London, GBR, EC4Y 0DT

Website

https://www.powermetalresources.com

Power Metal Resources PLC is an exploration company and development company based in United Kingdom. It is engaged in the exploration of mineral resources and exploration. The Group is involved in the exploration and exploitation of mineral resources in Africa, Australia, Canada, US and Others.

Power Metal Resources Headlines

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