Luca Mining (Luca Mining) Momentum Rank : 10 (As of Jun. 24, 2024)

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What is Luca Mining Momentum Rank?

Luca Mining has the Momentum Rank of 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.

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

Competitive Comparison of Luca Mining's Momentum Rank

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

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

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

* The bar in red indicates where Luca Mining's Momentum Rank falls into.

Luca Mining Momentum Rank Related Terms

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Luca Mining (Luca Mining) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

Z68:Germany LUCA:Canada

Address

1111 Melville Street, Suite 1000, Vancouver, BC, CAN, V6E 3V6

Website

https://www.lucamining.com

Luca Mining Corp is a Canadian-based mining company engages s the production of base metals and the acquisition, exploration and development of resource properties in Mexico. Luca Mining is currently in commercial production at its 100% owned Campo Morado Mine, processing approximately 2,000 tons per day through the mine milling facilities producing zinc and copper concentrates with gold, silver, and lead as by-products. In addition, Luca owns a 100% interest in the Tahuehueto Project.