GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Moab Minerals Ltd (ASX:MOM) » Definitions » Momentum Rank

Moab Minerals (ASX:MOM) Momentum Rank : 0 (As of Jun. 06, 2024)


View and export this data going back to 1987. Start your Free Trial

What is Moab Minerals Momentum Rank?

Moab Minerals 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.

Moab Minerals Momentum Rank Related Terms

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

Moab Minerals (ASX:MOM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Moab Minerals Ltd (ASX:MOM) » Definitions » Momentum Rank
Comparable Companies
ASX:M24 ASX:TAS ASX:OCN ASX:OLY ASX:APS ASX:BOA ASX:CUL ASX:ZMI ASX:C7A ASX:BYH ASX:BHP ASX:RIO LSE:RIO LSE:GLEN ASX:FMG BSP:VALE3 SAU:1211 GMEXICOB LSE:AAL BOM:500188
Traded in Other Exchanges
WMR0:Germany
Address
2A / 300 Fitzgerald Street, Level 1, North Perth, WA, AUS, 6006
Website
https://www.moabminerals.com.au
Moab Minerals Ltd focused on the exploration and development of the REX Uranium-Vanadium Project located in the famed Uravan Mineral Belt of Colorado. The projects of the company include REX Uranium-Vanadium Project, Speedway Gold Project, Highline Copper-Cobalt Project, Woodlands Base Metal Project, and Mount Amy Gold Project.

Moab Minerals (ASX:MOM) Headlines