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Brazilian Critical Minerals (ASX:BCM) Momentum Rank : 0 (As of Oct. 10, 2024)


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What is Brazilian Critical Minerals Momentum Rank?

Brazilian Critical Minerals 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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Brazilian Critical Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brazilian Critical Minerals Ltd (ASX:BCM) » Definitions » Momentum Rank
Comparable Companies
ASX:ION ASX:AHK ASX:ZAG ASX:MVL ASX:GML ASX:GBZ ASX:NWM ASX:HMG ASX:FNR ASX:CTO SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV SHSE:600547 JSE:GFI MIC:PLZL ASX:NST
Traded in Other Exchanges
N/A
Address
140 St Georges Terrace, Level 28, AMP Tower, Perth, WA, AUS, 6000
Website
https://www.bbxminerals.com
Brazilian Critical Minerals Ltd is a mineral exploration company and mineral processing technology company. It is engaged in the exploration and development of mining assets in Brazil mainly in the southern Amazon for the discovery of gold-PGM, base metal and Ionic Adsorbed Clay (IAC) Rare Earth Element deposits. Its projects include Três Estados and Ema gold-PGM projects and the REE projects at Ema, Ema East and Apui.

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