Libero Copper & Gold (TSXV:LBC) Momentum Rank : 8 (As of Jun. 22, 2024)

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What is Libero Copper & Gold Momentum Rank?

Libero Copper & Gold 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 Libero Copper & Gold's Momentum Rank

For the Other Precious Metals & Mining subindustry, Libero Copper & Gold'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.

Libero Copper & Gold's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Libero Copper & Gold's Momentum Rank falls into.

Libero Copper & Gold Momentum Rank Related Terms

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Libero Copper & Gold (TSXV:LBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Libero Copper & Gold Corp (TSXV:LBC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

LBCMF:USA 29H:Germany

Address

1111 West Hastings Street, Suite 905, Vancouver, BC, CAN, V6E 2J3

Website

https://www.liberocopper.com

Libero Copper & Gold Corp is a mineral exploration company that holds a portfolio of porphyry copper deposits throughout the Americas, including the Big Red porphyry copper and Big Bulk porphyry copper-gold projects in the Golden Triangle, British Columbia, Canada, the Mocoa porphyry copper-molybdenum deposit in Putumayo, Colombia; and the Esperanza porphyry copper-gold project in San Juan, Argentina. The company operates in four geographic regions; Canada, the USA, Argentina and Colombia.

Executives

Ian Slater

Director, Senior Officer