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Altona Rare Earths (NEXX:ANR) Momentum Rank : 0 (As of Jun. 02, 2024)


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What is Altona Rare Earths Momentum Rank?

Altona Rare Earths 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.

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Altona Rare Earths (NEXX:ANR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Altona Rare Earths PLC (NEXX:ANR) » Definitions » Momentum Rank
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Traded in Other Exchanges
REE:UK
Address
Eccleston Yards, 25 Eccleston Place, London, GBR, SW1W 9NF
Website
https://www.altonare.com
Altona Rare Earths PLC is engaged in . The operating segments of the company includes Corporate and Administrative-including activities of raising finance and seeking new investment and exploration opportunities, all based in the UK; and Mineral Exploration that is all based in Mozambique. It generates maximum revenue from Corporate and Administrative Segment.

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