Alrosa PJSC (MIC:ALRS) Momentum Rank : 0 (As of May. 14, 2024)

View and export this data going back to 2011. Start your Free Trial

What is Alrosa PJSC Momentum Rank?

Alrosa PJSC 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.

Alrosa PJSC Momentum Rank Related Terms

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

Alrosa PJSC (MIC:ALRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alrosa PJSC (MIC:ALRS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6, Lenin Street, Republic of Sakha (Yakutia), Mirny, RUS, 678174

Website

https://www.alrosa.ru/en

Alrosa PJSC is a Russian-based company that operates in the diamond mining business. It is engaged in the business activity of exploration, production, processing, marketing, and sale of raw and cut diamonds. The group operates mining facilities in Mirny, Udachny, Aikhal, Nyurba, and Anabar (located in Eastern Siberia) and the Arkhangelsk Region. In addition, the firm is also involved in transportation, social infrastructure, construction activity, trading, electricity production, and various other activities. The company derives the majority of its revenue from the sale of diamonds.