Aqua Metals (LTS:0HH6) Momentum Rank : 3 (As of May. 25, 2024)

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What is Aqua Metals Momentum Rank?

Aqua Metals has the Momentum Rank of 3.

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 Aqua Metals's Momentum Rank

For the Waste Management subindustry, Aqua Metals'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.

Aqua Metals's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Aqua Metals's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Aqua Metals's Momentum Rank falls into.

Aqua Metals Momentum Rank Related Terms

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Aqua Metals (LTS:0HH6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Aqua Metals Inc (LTS:0HH6) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AQMS:USA AQK:Germany

Address

5370 Kietzke Lane, Suite 201, Reno, NV, USA, 89511

Website

https://www.aquametals.com

Aqua Metals Inc is a United States-based company engaged in the business of recycling Lead through a novel, proprietary and patent-pending process that it developed and named AquaRefining. The company's breakthrough, AquaRefining, delivers a product, at a higher yield, eliminates toxic waste, reduces permitting and is less expensive to build than smelting. AquaRefining process will provide for the recycling of Lead acid batteries and the production of a pure grade Lead with a significantly lower cost of production, and with fewer environmental and regulatory issues, than conventional methods of Lead production.

Aqua Metals (LTS:0HH6) Headlines

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