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Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Sociedad Minera Cerro VerdeA Momentum Rank?

Sociedad Minera Cerro VerdeA 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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Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sociedad Minera Cerro Verde SAA (OTCPK:SMRAF) » Definitions » Momentum Rank
Comparable Companies
LIM:ALICORC1 LIM:CPACASC1 LIM:ENGIEC1 LIM:BUENAVC1 LIM:CORAREC1 LIM:IFS LIM:NEXAPEC1 LIM:FIBPRIME SCCO FCX LSE:ANTO TSX:FM SHSE:600362 SZSE:000630 WAR:KGH TSX:LUN SZSE:002203 HKSE:01208 TSX:CS HKSE:01258
Traded in Other Exchanges
CVERDEC1:Peru
Address
Avenue Alfonso Ugarte 304, Arequipa, PER
Website
https://www.cerroverde.pe
Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) Headlines

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