Prismo Metals (XCNQ:PRIZ) Momentum Rank : 5 (As of May. 24, 2024)

View and export this data going back to 2020. Start your Free Trial

What is Prismo Metals Momentum Rank?

Prismo Metals 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 Prismo Metals's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Prismo Metals'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.

Prismo Metals's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Prismo Metals's Momentum Rank falls into.

Prismo Metals Momentum Rank Related Terms

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

Prismo Metals (XCNQ:PRIZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Prismo Metals Inc (XCNQ:PRIZ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PMOMF:USA

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.prismometals.com

Prismo Metals Inc is engaged in the business of acquisition and exploration of mineral properties and operates in one segment, namely mineral exploration in Mexico. The company's objective is to locate and develop economic precious and base metal properties of merit. Its properties consist of the Palos Verdes Property and the Los Pavitos property.

Executives

Alain Lambert

Director

Prismo Metals (XCNQ:PRIZ) Headlines

No Headlines