NMG (Nouveau Monde Graphite) Momentum Rank : 1 (As of Dec. 14, 2024)

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What is Nouveau Monde Graphite Momentum Rank?

Nouveau Monde Graphite has the Momentum Rank of 1.

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 Nouveau Monde Graphite's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Nouveau Monde Graphite'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.

Nouveau Monde Graphite's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Nouveau Monde Graphite's Momentum Rank falls into.

Nouveau Monde Graphite Momentum Rank Related Terms

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Nouveau Monde Graphite Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nouveau Monde Graphite Inc (NYSE:NMG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NM9A:Germany NOU:Canada

Address

481 Brassard Street, Saint-Michel-des-Saints, QC, CAN, J0K 3B0

Website

https://www.nmg.com

Nouveau Monde Graphite Inc is a mineral exploration company. The company specializes in the exploration, evaluation, and development of mineral properties located in Quebec and is developing a natural graphite-based anode material that would qualify as battery-grade material to supply the lithium-ion industry. The company currently operates in two segments: the Matawinie Mine Project and the Battery Material Plant project.