Shares of First Majestic Silver have increased 34.34% over the past quarter, and have gained 22.23% in the last year. While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares are looking quite well from a longer time frame too, as the monthly price change of 25.02% compares favorably with the industry's 25.88% performance as well. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.įor AG, shares are up 5.49% over the past week while the Zacks Mining - Silver industry is up 5.07% over the same time period. Let's discuss some of the components of the Momentum Style Score for AG that show why this silver miner shows promise as a solid momentum pick.Ī good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. You can see the current list of Zacks #1 Rank Stocks here > Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. First Majestic Silver currently has a Zacks Rank of #2 (Buy). It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.īelow, we take a look at First Majestic Silver (AG), which currently has a Momentum Style Score of B. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. While many investors like to look for momentum in stocks, this can be very tough to define.

The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. In the 'long' context, investors will be essentially be 'buying high, but hoping to sell even higher.' With this methodology, taking advantage of trends in a stock's price is key once a stock establishes a course, it is more than likely to continue moving that way. Momentum investing revolves around the idea of following a stock's recent trend in either direction.

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