Nkwe Platinum (Nkwe Platinum) Momentum Rank : 0 (As of Jun. 04, 2024)

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

What is Nkwe Platinum Momentum Rank?

Nkwe Platinum 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.

Nkwe Platinum Momentum Rank Related Terms

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

Nkwe Platinum (Nkwe Platinum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nkwe Platinum Ltd (OTCPK:NKWEY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 1, 18 Kings Park Road, West Perth, Perth, WA, AUS, 6005

Website

http://www.nkweplatinum.com

Nkwe Platinum Ltd is a platinum exploration company targeting mid-level projects and market capitalization. The company is involved in baskets of platinum projects in Limpopo in South Africa. The firm's flagship project is the Garatau project which comprises of three properties namely De Kom 252 KT, Garataouw 282KT and Hoepakrantz 291 KT. These three properties are located in the Eastern Limb of the Bushveld complex, South Africa. The project has a surface footprint of over 5000 hectares and is underlain by both the Platinum bearing Merensky Reef and UG2 chromitite.

Nkwe Platinum (Nkwe Platinum) Headlines

No Headlines