Hot Chili (ASX:HCH) Momentum Rank : 7 (As of Apr. 30, 2024)

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What is Hot Chili Momentum Rank?

Hot Chili 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 Hot Chili's Momentum Rank

For the Copper subindustry, Hot Chili'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.

Hot Chili's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Hot Chili's Momentum Rank falls into.

Hot Chili Momentum Rank Related Terms

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Hot Chili (ASX:HCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hot Chili Ltd (ASX:HCH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HHLKF:USA CHC1:Germany HCH:Canada

Address

768 Canning Highway, First Floor, Applecross, WA, AUS, 6153

Website

https://www.hotchili.net.au

Hot Chili Ltd is a mineral exploration company with assets in Chile. It aims to build shareholder value through the growth and development of its high-quality Costa Fuego copper-gold project located in a low elevation, accessible region of northern Chile. With substantial mineral resources and an active drill program testing new targets, Hot Chili provides substantial leverage to the copper price due to the size, quality and location of its resource base. Costa Fuego has an indicated resource of 2.8Mt Cu, 2.6Moz Au and 67kt of Mo (in 725Mt) and inferred resource of 0.6 Mt Cu, 1.2 Moz Au and 13kt Mo (in 202Mt).

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