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Compania de Minas BuenaventuraA (LIM:BUENAVC1) Momentum Rank : 0 (As of Apr. 27, 2024)


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What is Compania de Minas BuenaventuraA Momentum Rank?

Compania de Minas BuenaventuraA has the Momentum Rank of 0.

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.

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Compania de Minas BuenaventuraA (LIM:BUENAVC1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Compania de Minas Buenaventura SAA (LIM:BUENAVC1) » Definitions » Momentum Rank
Comparable Companies
LIM:PODERC1 ISX:AMMN JSE:AMS SZSE:000975 MIC:ALRS LSE:FRES JSE:IMP ISX:MBMA HL TSX:TFPM TSX:CGG OICT JSE:NPH CAS:MNG SHSE:600459 SAU:1322 ASX:ZIM TSX:SIL TSX:GMIN TSX:SLS
Traded in Other Exchanges
BVN:USA BVN:Peru MBU:Germany
Address
Las Begonias 415, 19th Floor, San Isidro, Lima, PER
Website
https://www.buenaventura.com
Compañía de Minas Buenaventura SAA is a Peruvian precious metals producing company with experience in mine exploration, development, construction and operation activities.

Compania de Minas BuenaventuraA (LIM:BUENAVC1) Headlines

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