Giga Metals (LTS:0UXL) Momentum Rank : 1 (As of Apr. 28, 2025)

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What is Giga Metals Momentum Rank?

Giga Metals has the Momentum Rank of 1.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Giga Metals's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Giga Metals'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.

Giga Metals's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Giga Metals's Momentum Rank falls into.

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Giga Metals Momentum Rank Related Terms

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Giga Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Giga Metals Corp (LTS:0UXL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GIGGF:USA BRR2:Germany GIGA:Canada

Address

700 West Pender Street, Suite 203, Vancouver, BC, CAN, V6C 1G8

Website

https://www.gigametals.com

Giga Metals Corp is engaged in the acquisition and exploration of mineral properties in Canada. The company is focused on two of the key metals used in the batteries of electric vehicles: Nickel and Cobalt. It's Turnagain Project, located in northern British Columbia, contains one of the few significant undeveloped sulphide nickel and cobalt resources. The Company operates in a single reportable operating segment being the acquisition, exploration and development of mineral properties.

Giga Metals Headlines

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