GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bryah Resources Ltd (ASX:BYH) » Definitions » Momentum Rank

Bryah Resources (ASX:BYH) Momentum Rank : 0 (As of May. 26, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Bryah Resources Momentum Rank?

Bryah Resources 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.

Bryah Resources Momentum Rank Related Terms

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

Bryah Resources (ASX:BYH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bryah Resources Ltd (ASX:BYH) » Definitions » Momentum Rank
Comparable Companies
ASX:AUR ASX:AHN ASX:OM1 ASX:MRQ ASX:CHK ASX:ALB ASX:APC ASX:C7A ASX:CUL ASX:HXG ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
N/A
Address
85 Havelock Street, Level 1, West Perth, Perth, WA, AUS, 6005
Website
https://www.bryah.com.au
Bryah Resources Ltd is a Perth-based mineral exploration company with a focus on exploration for high-grade copper-gold and manganese resources located in its two project areas in the Bryah Basin and at Gabanintha in the Meekatharra region of Western Australia. The Group presently operates in one segment being mineral exploration within Australia.

Bryah Resources (ASX:BYH) Headlines

No Headlines