LTHIF (InZinc Mining) Momentum Rank : 0 (As of Dec. 14, 2024)

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What is InZinc Mining Momentum Rank?

InZinc Mining 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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InZinc Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » InZinc Mining Ltd (OTCPK:LTHIF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

32L:Germany IZN:Canada

Address

Station Bentall Centre, P.O. Box 48268, Vancouver, BC, CAN, V7X 1A2

Website

https://www.inzincmining.com

InZinc Mining Ltd is engaged in the acquisition, exploration, and development of mineral exploration and evaluation of direct and equity interest in multiple North American base metals projects. The road-accessible Indy project (100% interest), located in central British Columbia, comprises discoveries of near-surface mineralization and large untested base and precious metal exploration targets along a 29 km long trend with potential for the discovery of a new regional scale mineralized belt.

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