Bullet Exploration (TSXV:AMMO) Momentum Rank : 9 (As of May. 28, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Bullet Exploration Momentum Rank?

Bullet Exploration has the Momentum Rank of 9.

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 Bullet Exploration's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Bullet Exploration'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.

Bullet Exploration's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Bullet Exploration's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bullet Exploration's Momentum Rank falls into.

Bullet Exploration Momentum Rank Related Terms

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

Bullet Exploration (TSXV:AMMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bullet Exploration Inc (TSXV:AMMO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia St., Suite 2100, Vancouver, BC, CAN, V6E 3P3

Website

https://www.bulletexploration.com

Bullet Exploration Inc is engaged in mineral exploration activities. It has acquired Anita Property, which locates in British Columbia. The Property comprises seven mineral tenures totaling approximately 2,900 hectares and covers three historical mineral showings, the Al, the Cindy, and the Anita. Its other properties include Copper Canyon, which also locates in British Columbia.

Bullet Exploration (TSXV:AMMO) Headlines

No Headlines