GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Admiralty Resources NL (ASX:ADY) » Definitions » Momentum Rank

Admiralty Resources NL (ASX:ADY) Momentum Rank : 0 (As of May. 23, 2024)


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

What is Admiralty Resources NL Momentum Rank?

Admiralty Resources NL 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.

Admiralty Resources NL Momentum Rank Related Terms

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

Admiralty Resources NL (ASX:ADY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Admiralty Resources NL (ASX:ADY) » Definitions » Momentum Rank
Comparable Companies
ASX:LNR ASX:DYM ASX:PFE ASX:IND ASX:ADV ASX:MTL ASX:GTR ASX:REE ASX:HXG ASX:PAT ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 GMEXICOB LSE:AAL TSX:TECK.B
Traded in Other Exchanges
AHS:Germany
Address
150 Pacific Highway, Suite 109, Level 1, Sydney, NSW, AUS, 2065
Website
https://www.ady.com.au
Admiralty Resources NL is a mining company. It is involved in the exploration and development of mineral deposits in Chile and in Australia. The company projects include Admiralty Minerals, Bulman, and Pyke Hill. Its iron ore districts in Chile comprise Harper South, Pampa Tololo, and El Cojin. It also holds interest in La Chulula project, Soberana Project, and Mariposa project.

Admiralty Resources NL (ASX:ADY) Headlines

No Headlines