Dundee Precious Metals (TSX:DPM) Momentum Rank : 7 (As of May. 06, 2024)

View and export this data going back to 1983. Start your Free Trial

What is Dundee Precious Metals Momentum Rank?

Dundee Precious Metals has the Momentum Rank of 7.

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 Dundee Precious Metals's Momentum Rank

For the Gold subindustry, Dundee Precious Metals'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.

Dundee Precious Metals's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Dundee Precious Metals's Momentum Rank falls into.

Dundee Precious Metals Momentum Rank Related Terms

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

Dundee Precious Metals (TSX:DPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dundee Precious Metals Inc (TSX:DPM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DPMLF:USA DPU:Germany

Address

150 King Street West, Suite 902, P.O. Box 30, Toronto, ON, CAN, M5H 1J9

Website

https://www.dundeeprecious.com

Dundee Precious Metals Inc is an international mining company engaged in the acquisition, exploration, development, mining, and processing of precious metals. The company has three reportable operating segments Chelopech and Ada Tepe in Bulgaria and Tsumeb in Namibia.

Executives

Zebra Karirondua Kasete	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Juanita Montalvo	Director
Marie-anne Tawil	Director