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Wealth Minerals (TSXV:WML) Momentum Rank : 0 (As of Sep. 22, 2024)


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What is Wealth Minerals Momentum Rank?

Wealth Minerals 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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Wealth Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wealth Minerals Ltd (TSXV:WML) » Definitions » Momentum Rank
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TSXV:LBNK TSXV:MD TSX:TI TSXV:RAMP TSXV:AHR TSXV:SME XCNQ:MML TSXV:QZM TSX:FT TSXV:FMC ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 MEX:GMEXICOB SAU:1211 ASX:FMG LSE:AAL BOM:500188
Traded in Other Exchanges
WMLLF:USA EJZN:Germany
Address
200 Granville Street, Suite 2710, Vancouver, BC, CAN, V6C 1S4
Website
https://www.wealthminerals.com
Wealth Minerals Ltd is an operator of a mineral resource company intended to serve in metals and minerals. The company's business activity is the exploration of minerals and the development of exploration and evaluation assets and includes other project portfolios, thereby focusing on the acquisition and development of lithium projects. The company operates in one industry segment, being mineral resources industry.
Executives
David Lies Director

Wealth Minerals Headlines

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