Silver Storm Mining (TSXV:SVRS) Momentum Rank : 9 (As of May. 19, 2024)

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What is Silver Storm Mining Momentum Rank?

Silver Storm Mining has the Momentum Rank of 9.

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 Silver Storm Mining's Momentum Rank

For the Silver subindustry, Silver Storm Mining'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.

Silver Storm Mining's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Silver Storm Mining's Momentum Rank falls into.

Silver Storm Mining Momentum Rank Related Terms

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Silver Storm Mining (TSXV:SVRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Storm Mining Ltd (TSXV:SVRS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SVRSF:USA SVR:Germany

Address

22 Adelaide Street West, Suite 2020, Bay Adelaide Centre, East Tower, Toronto, ON, CAN, M5H 4E3

Website

https://www.silverstorm.ca

Silver Storm Mining Ltd is a Canada-based company. The Company is focused on silver projects located in Durango, Mexico. It operates two projects: La Parrilla Silver Mine Complex and San Diego Project.

Silver Storm Mining (TSXV:SVRS) Headlines

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