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Avalon Advanced Materials (TSX:AVL) Momentum Rank : 0 (As of Dec. 13, 2024)


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What is Avalon Advanced Materials Momentum Rank?

Avalon Advanced Materials 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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Avalon Advanced Materials Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avalon Advanced Materials Inc (TSX:AVL) » Definitions » Momentum Rank
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Traded in Other Exchanges
AVLNF:USA 0UJN:UK OU5A:Germany OU5A:Germany
Address
130 Adelaide Street West, Suite 2060, Toronto, ON, CAN, M5H 3P5
Website
https://www.avalonadvancedmaterials.com
Avalon Advanced Materials Inc is a mineral exploration and development company. It is principally engaged in the acquisition, exploration, evaluation, and development of specialty and critical minerals properties, located principally in Canada. It holds an exploration license within four claims in the East Kemptville area of Yarmouth, Nova Scotia. The company also holds an interest in a mining lease in the Warren Township Anorthosite Project, Nechalacho REE Project and Net Smelter Returns (NSR) rights in the East Cedartree Gold Property, and the Wolf Mountain Platinum-Palladium Project.
Executives
Andrew J. Ramcharan Senior Officer
Xi Hong Hu Senior Officer
Scott Monteith Director, Senior Officer
Donald Stephen Bubar Director, Senior Officer
Rickardo Welyhorsky Senior Officer
Zeeshan Syed Senior Officer
Naomi Anne Johnson Director
Marilyn Spink Director
John Edward Fisher Director

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