Los Andes Copper (TSXV:LA) Momentum Rank : 1 (As of May. 08, 2024)

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What is Los Andes Copper Momentum Rank?

Los Andes Copper has the Momentum Rank of 1.

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 Los Andes Copper's Momentum Rank

For the Copper subindustry, Los Andes Copper'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.

Los Andes Copper's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Los Andes Copper's Momentum Rank falls into.

Los Andes Copper Momentum Rank Related Terms

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Los Andes Copper (TSXV:LA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Los Andes Copper Ltd (TSXV:LA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

LSANF:USA L41A:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.losandescopper.com

Los Andes Copper Ltd is involved in the acquisition, exploration, and development of copper deposits in Latin America. Its project consists of Vizcachitas Copper Project in Chile.

Executives

Warren Philip Gilman

Director

Los Andes Copper (TSXV:LA) Headlines

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