Develop Global (ASX:DVP) Momentum Rank

: 4 (As of Today)

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Develop Global has the Momentum Rank of 4.

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

For the Other Industrial Metals & Mining subindustry, Develop Global'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.

Develop Global Momentum Rank Distribution

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

* The bar in red indicates where Develop Global's Momentum Rank falls into.

Develop Global Momentum Rank Related Terms

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Develop Global (ASX:DVP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Develop Global Ltd (ASX:DVP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

VTEXF:USA IHB1:Germany

Address

234 Railway Parade, West Perth, West Leederville, WA, AUS, 6007

Website

https://www.venturexresources.com

Develop Global Ltd, formerly Venturex Resources Ltd is an Australian company focused on the exploration and development of its advanced zinc-copper projects located near Port Hedland in the premier Pilbara mining province of Western Australia. The company owns two advanced Zinc / Copper projects which include Whim Creek project and Sulphur Springs.

Develop Global (ASX:DVP) Momentum Rank

Develop Global Momentum Rank Related Terms

Develop Global (ASX:DVP) Business Description

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