Anglo American Platinum (JSE:AMS) Momentum Rank : 8 (As of Apr. 25, 2024)

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What is Anglo American Platinum Momentum Rank?

Anglo American Platinum has the Momentum Rank of 8.

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 Anglo American Platinum's Momentum Rank

For the Other Precious Metals & Mining subindustry, Anglo American Platinum'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.

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

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

* The bar in red indicates where Anglo American Platinum's Momentum Rank falls into.

Anglo American Platinum Momentum Rank Related Terms

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Anglo American Platinum (JSE:AMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anglo American Platinum Ltd (JSE:AMS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ANGPY:USA AGPPF:USA RPH1:Germany

Address

144 Oxford Road, P.O. Box 62179, Melrose, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.angloamericanplatinum.com

Anglo American Platinum Ltd is the world's largest primary producer of Platinum Group Metals, which includes platinum, palladium, rhodium, iridium, ruthenium, and osmium. The company also produces base metals including copper, nickel, cobalt sulphate, sodium sulphate, chrome, and other precious metals. The primary uses of platinum group metals include jewellery, autocatalytic converters, fuel cells, air- and water-purification units, heart pacemakers, computer screens, hard disks, and fertilisers. The mining operations include managed mines, joint-venture mines, and associate mines across South Africa and Zimbabwe.