Platinum Group Metals (Platinum Group Metals) Momentum Rank : 7 (As of May. 06, 2024)

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What is Platinum Group Metals Momentum Rank?

Platinum Group Metals has the Momentum Rank of 7.

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 Platinum Group Metals's Momentum Rank

For the Other Precious Metals & Mining subindustry, Platinum Group 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.

Platinum Group Metals's Momentum Rank Distribution in the Metals & Mining Industry

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

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

Platinum Group Metals Momentum Rank Related Terms

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Platinum Group Metals (Platinum Group Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Platinum Group Metals Ltd (AMEX:PLG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

P6MB:Germany PTM:Canada

Address

1100 Melville Street, Suite 838, Vancouver, BC, CAN, V6E 4A6

Website

https://www.platinumgroupmetals.net

Platinum Group Metals Ltd is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil, Gas and Metals National Corporation (JOGMEC) and Hanwa Co. Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium, and gold. Geographically, it operates in Canada and South Africa.

Platinum Group Metals (Platinum Group Metals) Headlines

From GuruFocus

Platinum Group Metals Ltd. Reports Second Quarter Results

By GlobeNewswire GlobeNewswire • 04-12-2018

Platinum Group Metals Ltd. Reports Second Quarter Results And Provides Waterberg Palladium Project Update

By GlobeNewswire GlobeNewswire • 04-12-2019

Insiders Are Loading Up on Platinum Mining Company

By Kyle Ferguson Kyle Ferguson • 01-19-2016

Platinum Group Metals Ltd. Closes Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 02-05-2019