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Miata Metals (STU:8NQ) Momentum Rank : 0 (As of Dec. 13, 2024)


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What is Miata Metals Momentum Rank?

Miata 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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Miata Metals Business Description

Comparable Companies
Traded in Other Exchanges
Address
2133-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3
Miata Metals Corp engages in the identification, evaluation, acquisition, and exploration of mineral properties in Canada. It holds an interest in the Cabin Lake property. Currently working on two projects Sela Creek Gold and Nassau. The Sela Creek gold project in Suriname has been mined for alluvial gold and is currently mined for gold in weathered bedrock, called saprolite. Local miners started small-scale mining at Sela Creek in the period from 1920-1930, one of the earliest gold occurrences found in the Tapanahony river area. The Nassau Project is located ~125 km SE of Paramaribo and~100 km north of the Sela Project and is accessible via logging road. The Project is situated less than 10 km South of Newmont's Merian mine and along regional strike of Zijin's Rosebel mine.

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