Angel Wing Metals (TSXV:AWM) Momentum Rank : 4 (As of Apr. 29, 2024)

View and export this data going back to 1995. Start your Free Trial

What is Angel Wing Metals Momentum Rank?

Angel Wing Metals has the Momentum Rank of 4.

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 Angel Wing Metals's Momentum Rank

For the Other Precious Metals & Mining subindustry, Angel Wing Metals'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.

Angel Wing Metals's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Angel Wing Metals's Momentum Rank falls into.

Angel Wing Metals Momentum Rank Related Terms

Thank you for viewing the detailed overview of Angel Wing Metals's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Angel Wing Metals (TSXV:AWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Angel Wing Metals Inc (TSXV:AWM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HEXPF:USA

Address

82 Richmond Street East, Suite 1000, Toronto, ON, CAN, M5C 1P1

Website

https://www.angelwingmetals.com

Angel Wing Metals Inc is focused on the exploration and development of its portfolio of precious metals properties in Mexico and Canada. The company's flagship El Grande gold project covers approximately 550 square kilometers in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the state of Nayarit, Mexico, and demonstrates significant gold and silver mineralization. It also owns two early-stage gold exploration projects in Northwestern Ontario. The Winora Project is located near Lingman lake, 325 km north of Red Lake, and Quartz Lake Project which is located 50km east of the prolific Red Lake district. The Company operates in one industry segment, namely the exploration of mineral resources in two geographic regions, Canada and Mexico.

Angel Wing Metals (TSXV:AWM) Headlines

No Headlines