Aldebaran Resources (Aldebaran Resources) Momentum Rank : 8 (As of Jun. 11, 2024)

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What is Aldebaran Resources Momentum Rank?

Aldebaran Resources 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 Aldebaran Resources's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Aldebaran Resources'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.

Aldebaran Resources's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Aldebaran Resources's Momentum Rank falls into.

Aldebaran Resources Momentum Rank Related Terms

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Aldebaran Resources (Aldebaran Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aldebaran Resources Inc (OTCPK:ADBRF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ALDE:Canada

Address

200 Granville Street, Suite 2710, Vancouver, BC, CAN, V6C 1S4

Website

https://www.aldebaranresources.com

Aldebaran Resources Inc is a Canadian mineral exploration company. Aldebaran has the right to earn from the Altar copper-gold project in San Juan Province, Argentina from Sibanye Stillwater. Altar hosts a large porphyry copper-gold system with mineralization currently defined in three distinct zones and forms part of a cluster of porphyry copper deposits which includes Los Pelambres (Antofagasta Minerals), El Pachon (Glencore), and Los Azules (McEwen Mining). The firm is focused on the Altar project with a view to discovering new zones with higher-grade mineralization.

Aldebaran Resources (Aldebaran Resources) Headlines

From GuruFocus

Aldebaran Announces Collaboration Agreement with Nuton LLC, a Rio Tinto Venture

By ACCESSWIRE • 01-15-2024

Aldebaran Resources Announces Aguas Calientes Drill Results

By GlobeNewswire GlobeNewswire • 02-06-2020

Aldebaran Announces Commencement of 2023-2024 Drill Program at Altar

By ACCESSWIRE • 11-02-2023

Aldebaran Announces Appointment Of Director

By GlobeNewswire GlobeNewswire • 07-15-2019

Aldebaran Announces Drill Program Underway at Altar and Appointment of VP, Project Development

By GlobeNewswire GlobeNewswire • 03-06-2019

Aldebaran Upsizes Previously Announced Private Placement

By GlobeNewswire GlobeNewswire • 04-28-2021