MP Materials (MP Materials) Momentum Rank : 5 (As of May. 10, 2024)

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What is MP Materials Momentum Rank?

MP Materials has the Momentum Rank of 5.

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 MP Materials's Momentum Rank

For the Other Industrial Metals & Mining subindustry, MP Materials'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.

MP Materials's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where MP Materials's Momentum Rank falls into.

MP Materials Momentum Rank Related Terms

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MP Materials (MP Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MP Materials Corp (NYSE:MP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MP:Mexico

Address

1700 S. Pavilion Center Drive, 8th Floor, Las Vegas, NV, USA, 89135

Website

https://www.mpmaterials.com

MP Materials Corp is the largest producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site ofscale in North America.

Executives

Michael Stuart Rosenthal	officer: Chief Operating Officer	1700 S. PAVILION CENTER DR., SUITE 800, LAS VEGAS NV 89135
James H. Litinsky	director, officer: Chairman and CEO	C/O MP MATERIALS CORP., 1700 S. PAVILION CENTER DRIVE, SUITE 800, LAS VEGAS NV 89135
Jhl Capital Group Llc	other: See Remarks	1500 N. HALSTED ST., SUITE 200, CHICAGO IL 60642
Arnold W Donald	director	C/O CARNIVAL CORPORATION, 3655 N.W. 87TH AVENUE, MIAMI FL 33178
Daniel Allen Gold	director	6720 VIA AUSTI PARKWAY, SUITE 450, LAS VEGAS NV 89119
Qvt Financial Lp	director, 10 percent owner, other: Director by Deputization	888 SEVENTH AVENUE, 43RD FLOOR, NEW YORK NY 10106
Ryan Corbett	officer: Chief Financial Officer	1700 S. PAVILION CENTER DR., SUITE 800, LAS VEGAS NV 89135
Duckworth Connie K	director	EIGHT WINGS ENTERPRISES, 77 STONE AGTE LANE, LAKE FOREST IL 60045
Andrew A. Mcknight	director, officer: Chief Executive Officer	ONE MARKET PLAZA, SPEAR TOWER 42ND FLOOR, SAN FRANCISCO CA 94123
Elliot Dean Hoops	officer: General Counsel and Secretary	1700 S. PAVILION CENTER DR., SUITE 800, LAS VEGAS NV 89135
Jhl Capital Group Holdings Two Llc	other: See Remarks	1500 N. HALSTED ST.,, SUITE 2000, CHICAGO IL 60642
Richard B Myers	director	C/O NORTHROP GRUMMAN CORPORATION, 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Randall J Weisenburger	director	C/O WASSERSTEIN PERELLA GROUP, 31 WEST 52ND ST 26TH FLOOR, NEW YORK NY 10019
Maryanne Lavan	director	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Sheila Bangalore	officer: CSO and General Counsel	6720 VIA AUSTI PARKWAY, SUITE 450, LAS VEGAS NV 89119