GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alma Metals Ltd (ASX:ALM) » Definitions » Momentum Rank

Alma Metals (ASX:ALM) Momentum Rank : 0 (As of Jun. 02, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Alma Metals Momentum Rank?

Alma Metals 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.


Alma Metals Momentum Rank Related Terms

Thank you for viewing the detailed overview of Alma Metals's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Alma Metals (ASX:ALM) Business Description

Traded in Other Exchanges
Address
245 Churchill Avenue, Suite 1, Subiaco, Perth, WA, AUS, 6008
Alma Metals Ltd is an investment holding company. The company's only segment is Copper Exploration. Its projects include East Kimberley Copper; South West Terrane and AustraliaBriggs, Mannersley and Fig Tree Hill Porphyry Copper Project.

Alma Metals (ASX:ALM) Headlines

From GuruFocus

Alfi: Solid Growth Potential Lies Ahead

By Ishan Majumdar Ishan Majumdar 06-02-2021

ALFI Inc: A Little Known Yet Compelling Ad-Tech Play

By Ishan Majumdar Ishan Majumdar 05-07-2021