Rackla Metals (TSXV:RAK) Momentum Rank : 6 (As of May. 16, 2024)

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What is Rackla Metals Momentum Rank?

Rackla Metals has the Momentum Rank of 6.

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.

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Competitive Comparison of Rackla Metals's Momentum Rank

For the Gold subindustry, Rackla 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.

Rackla Metals's Momentum Rank Distribution in the Metals & Mining Industry

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

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

Rackla Metals Momentum Rank Related Terms

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Rackla Metals (TSXV:RAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rackla Metals Inc (TSXV:RAK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RMETF:USA

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.racklametals.com

Rackla Metals Inc is a Canada-based mineral exploration company engaged in the acquisition and exploration and evaluation activities. All of the company's operations are in Canada. It has an interest in the Rivier Property located in the Yukon Territory, Canada. Other projects include Tombstone Gold Belt Projects, Expo Property and Misisi Gold Project.

Executives

Simon T.p. Ridgway

Director, Senior Officer

Rackla Metals (TSXV:RAK) Headlines

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