Ivanhoe Mines (TSX:IVN) Momentum Rank : 8 (As of Dec. 14, 2024)

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What is Ivanhoe Mines Momentum Rank?

Ivanhoe Mines has the Momentum Rank of 8.

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 Ivanhoe Mines's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Ivanhoe Mines'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.

Ivanhoe Mines's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Ivanhoe Mines's Momentum Rank falls into.

Ivanhoe Mines Momentum Rank Related Terms

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Ivanhoe Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ivanhoe Mines Ltd (TSX:IVN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IVPAF:USA IYAA:Germany

Address

999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1

Website

https://www.ivanhoemines.com

Ivanhoe Mines Ltd is a diversified mining company focused on advancing its four principal projects in Southern Africa namely the Kamoa-Kakula Copper Complex, a large, high-grade, stratiform copper deposit, Platreef Project, where the Company discovered thick and high-grade palladium, nickel, platinum, rhodium, copper and gold deposit, The Kipushi Project, a past-producing, high-grade underground zinc-copper-germanium-silverlead mine, The Western Foreland Exploration Project, a group of exploration licences. The Company has four reportable segments, including the Platreef property, Kamoa Holding joint venture, Kipushi properties, and the Company's treasury offices.

Executives

Olivier Binyingo	Senior Officer
Chao (peter) Zhou	Senior Officer
Mary Vincelli	Senior Officer
Jinghe Chen	Director
Martie Cloete	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Peter Meredith	Director
Delphine Traoré	Director
Citic Metal Africa Investments Limited	10% Security Holder
Setha Patricia Makhesha	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Stephen Ralph Amos	Senior Officer
Louis Kabamba Watum	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Pierre Joubert	Senior Officer
Alexander Pickard	Senior Officer
Martie Janse Van Rensburg	Director
Guy Jacques De Selliers De Moranville	Director

Ivanhoe Mines Headlines

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