GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldplat PLC (LSE:GDP) » Definitions » Momentum Rank

Goldplat (LSE:GDP) Momentum Rank : 0 (As of Jun. 09, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Goldplat Momentum Rank?

Goldplat 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.

Goldplat Momentum Rank Related Terms

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

Goldplat (LSE:GDP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldplat PLC (LSE:GDP) » Definitions » Momentum Rank
Comparable Companies
LSE:ORR LSE:PAT LSE:CORA LSE:XTR LSE:LEX LSE:GRL LSE:ECR LSE:CGNR LSE:PALM AQSE:TTAU SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 MIC:PLZL JSE:GFI ASX:NST
Traded in Other Exchanges
G7N:Germany
Address
Salisbury House, London Wall, London, GBR, EC2M 5PS
Website
https://www.goldplat.com
Goldplat PLC is a gold and precious metals, producer. The company's businesses are based in Africa and comprise the production of gold and other precious metals, by processing by-products of the mining industry. The Company sources material to process not only in the African continent but also from gold-producing countries outside Africa. The company's reportable segment includes South African Recovery operations, West African Recovery Operations and Administration.