Great Southern Copper (LSE:GSCU) Momentum Rank : 0 (As of May. 17, 2024)

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What is Great Southern Copper Momentum Rank?

Great Southern Copper 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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Great Southern Copper (LSE:GSCU) Business Description

Industry

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E9E:Germany

Address

London Wall, Salisbury House, London, GBR, EC2M 5PS

Website

https://www.gscplc.com

Great Southern Copper PLC is a copper exploration company that aims to generate shareholder value through successful exploration and discovery of large-scale porphyry copper-gold deposits from its projects located in the underexplored coastal copper belt of northern Chile. It has two main project sites based on its current licence portfolio, San Lorenzo and Especularita, both located in Chile.

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