Northwest Copper (TSXV:NWST) Momentum Rank : 5 (As of May. 26, 2024)

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What is Northwest Copper Momentum Rank?

Northwest Copper has the Momentum Rank of 5.

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 Northwest Copper's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Northwest Copper'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.

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

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

* The bar in red indicates where Northwest Copper's Momentum Rank falls into.

Northwest Copper Momentum Rank Related Terms

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Northwest Copper (TSXV:NWST) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NWCCF:USA 34S0:Germany

Address

1055 West Hastings Street, Suite 1900, Vancouver, BC, CAN, V6E 2E9

Website

https://www.northwestcopper.ca

Northwest Copper Corp is a mineral exploration company. It explores copper gold with an exciting pipeline of projects in British Columbia. The company's project includes Kwanika/Stardust; Lorraine and Top Cat properties and East Niv. It has a single operating segment which is the mineral exploration business in Canada.

Executives

Tyler Eric Gurney Caswell

Senior Officer

Northwest Copper (TSXV:NWST) Headlines

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