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Triple Flag Precious Metals (TSX:TFPM.U) Momentum Rank : 0 (As of Apr. 30, 2024)


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What is Triple Flag Precious Metals Momentum Rank?

Triple Flag Precious 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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Triple Flag Precious Metals (TSX:TFPM.U) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Triple Flag Precious Metals Corp (TSX:TFPM.U) » Definitions » Momentum Rank
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TSX:CGG TSX:SIL TSX:SLS TSXV:GMIN TSXV:GBU TSX:GGD TSX:NUAG TSXV:BRVO TSX:PPTA TSXV:MTA ISX:AMMN JSE:AMS MIC:ALRS SZSE:000975 LSE:FRES ISX:MBMA JSE:IMP HL JSE:NPH LIM:BUENAVC1
Traded in Other Exchanges
TFPM:USA 7781:Germany TFPM:Canada
Address
161 Bay Street, TD Canada Trust Tower, Suite 4535, Toronto, ON, CAN, M5J 2S1
Website
https://www.tripleflagpm.com
Triple Flag Precious Metals Corp is a gold-focused royalty and streaming company. The company's assets portfolio includes Northparkes, Fosterville, Cerro Lindo, and Pumpkin Hollow among others.

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