Meridian Mining UK Societas (FRA:N2E) Momentum Rank : 5 (As of May. 02, 2024)

View and export this data going back to 2007. Start your Free Trial

What is Meridian Mining UK Societas Momentum Rank?

Meridian Mining UK Societas has the Momentum Rank of 5.

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 Meridian Mining UK Societas's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Meridian Mining UK Societas'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.

Meridian Mining UK Societas's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Meridian Mining UK Societas's Momentum Rank falls into.

Meridian Mining UK Societas Momentum Rank Related Terms

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

Meridian Mining UK Societas (FRA:N2E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Meridian Mining UK Societas (FRA:N2E) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MRRDF:USA N2E:Germany MNO:Canada

Address

65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.meridianmining.co

Meridian Mining UK Societas along with its subsidiaries engages in the acquisition, exploration, development, and mining activities in Brazil. It focuses on exploring and developing the Espigao manganese project, the Ariquemes tin JV area, and adjacent areas in the state of Rondonia. It also undertakes the Cabacal Project, Mato Grosso.

Meridian Mining UK Societas (FRA:N2E) Headlines

No Headlines