First Lithium Minerals (XCNQ:FLM) Momentum Rank : 0 (As of Dec. 11, 2024)

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What is First Lithium Minerals Momentum Rank?

First Lithium 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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First Lithium Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Lithium Minerals Corp (XCNQ:FLM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FLMCF:USA X28:Germany

Address

77 King Street West, North Tower, Suite 3000, P.O. Box 95, Td Centre, Toronto, ON, CAN, M5K 1G8

Website

https://www.firstlithium.ca

First Lithium Minerals Corp is a mineral exploration company. The company's projects include the OCA Project in Northern Chile, the LSL Project located in Ontario, the Lucia project in Chile, the Jenna project in Chile, the Senneville project in Quebec, and the Lidstone Project in Ontario.

Executives

Robert Saltsman	10% Security Holder, Director, Senior Officer
Peter Edward Espig	Director
Ernest Mast Mast	Director

First Lithium Minerals Headlines

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