Midnight Sun Mining (TSXV:MMA) Momentum Rank : 3 (As of Dec. 16, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Midnight Sun Mining Momentum Rank?

Midnight Sun Mining has the Momentum Rank of 3.

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 Midnight Sun Mining's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Midnight Sun Mining'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.

Midnight Sun Mining's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Midnight Sun Mining's Momentum Rank falls into.

Midnight Sun Mining Momentum Rank Related Terms

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

Midnight Sun Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Midnight Sun Mining Corp (TSXV:MMA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MDNGF:USA

Address

789 West Pender Street, Suite 1205, Vancouver, BC, CAN, V6C 1H2

Website

https://www.midnightsunmining.com

Midnight Sun Mining Corp is engaged in the acquisition and exploration of mineral property interests. The Company has one reportable operating segment, being the acquisition and exploration of mineral properties., The Company's exploration and evaluation assets are located in Zambia, Africa and the Company's right-of-use assets are located in Canada.

Executives