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New Age Metals (New Age Metals) Momentum Rank : 0 (As of May. 21, 2024)


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What is New Age Metals Momentum Rank?

New Age Metals 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.

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New Age Metals (New Age Metals) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Age Metals Inc (OTCPK:NMTLF) » Definitions » Momentum Rank
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XCNQ:BBRD TSXV:EOX TSX:NCP TSX:ELEF TSXV:MON TSXV:BKM NEOE:CDMN TSXV:QMC TSXV:FMS XCNQ:MAXX ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
P7J2:Germany NAM:Canada
Address
2148 West 38th Avenue, Suite 101, Vancouver, BC, CAN, V6M 1R9
Website
https://www.newagemetals.com
New Age Metals Inc is a green metal, mineral exploration and development company. The company has two divisions, each engaged in the process of acquiring, exploring and developing Platinum Group Metal (PGM) and Lithium projects. Geographically, it operates in Canada and USA, out of which the majority of its revenue is from Canada. Its project includes the palladium projects in North America - its flagship River Valley PGM Project (near Sudbury, Ontario), Genesis PGM-Cu-Ni Project (Alaska) and seven Lithium projects (Manitoba).

New Age Metals (New Age Metals) Headlines

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