Arafura Rare Earths (Arafura Rare Earths) Momentum Rank : 4 (As of May. 10, 2024)

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What is Arafura Rare Earths Momentum Rank?

Arafura Rare Earths 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 of Arafura Rare Earths's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Arafura Rare Earths'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.

Arafura Rare Earths's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Arafura Rare Earths's Momentum Rank falls into.

Arafura Rare Earths Momentum Rank Related Terms

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Arafura Rare Earths (Arafura Rare Earths) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arafura Rare Earths Ltd (OTCPK:ARAFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

REB:Germany ARU:Australia

Address

432 Murray Street, Level 6, Perth, WA, AUS, 6000

Website

https://www.arultd.com

Arafura Rare Earths Ltd is engaged in mineral exploration, definition, and development of Neodymium-Praseodymium oxide and Mixed middle-heavy rare earth oxide products, mining and associated infrastructure, social and environmental feasibility evaluations, and Nolans Project engineering studies. Its products are used in catalytic converters in automobiles, consumer electronics, energy-efficiency lighting, optics, super alloys, advanced ceramics, and high-strength magnets.

Arafura Rare Earths (Arafura Rare Earths) Headlines

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