Polyus PJSC (MIC:PLZL) Momentum Rank : 5 (As of May. 02, 2024)

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What is Polyus PJSC Momentum Rank?

Polyus PJSC 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 Polyus PJSC's Momentum Rank

For the Gold subindustry, Polyus PJSC'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.

Polyus PJSC's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Polyus PJSC's Momentum Rank falls into.

Polyus PJSC Momentum Rank Related Terms

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Polyus PJSC (MIC:PLZL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Krasina Street, 3 Building 1, Cab 801, Moscow, RUS, 123056

Website

http://www.polyus.com

Polyus PJSC and its subsidiaries are engaged in the extraction, refining, and sale of gold. The mining and processing facilities of the company are in the Krasnoyarsk, Irkutsk, Magadan regions, and the Sakha Republic of the Russian Federation. The company is also engaged in the exploration, construction, and research activities to maintain its operations. The operating business segments are the Olimpiada business unit, the Blagodatnoye business unit, the Natalka business unit, the Verninskoye business unit, the Kuranakh business unit, Alluvials business unit, Exploration business unit, Sukhoi Log business unit, and Unallocated.

Polyus PJSC (MIC:PLZL) Headlines

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