Silver Elephant Mining (XTER:1P2N) Momentum Rank : 10 (As of Jun. 23, 2024)

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What is Silver Elephant Mining Momentum Rank?

Silver Elephant Mining has the Momentum Rank of 10.

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 Silver Elephant Mining's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Silver Elephant 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.

Silver Elephant Mining's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Silver Elephant Mining's Momentum Rank falls into.

Silver Elephant Mining Momentum Rank Related Terms

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Silver Elephant Mining (XTER:1P2N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Elephant Mining Corp (XTER:1P2N) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SILEF:USA 1P2:Germany ELEF:Canada

Address

409 Granville Street, Suite 1610, Vancouver, BC, CAN, V6C 1T2

Website

https://www.silverelef.com

Silver Elephant Mining Corp is a Canada-based mining and exploration company of energy metals. The company is amassing large quantities of silver and nickel-metal resources in the ground. Geographically, it operates in Canada; the USA; Mongolia, and Bolivia. Its projects include Pulacayo; Sunawayo; El Triunfo ; Minago; Triunfo and Gibellini.

Silver Elephant Mining (XTER:1P2N) Headlines

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