Cauldron Energy (ASX:CXU) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is Cauldron Energy Momentum Rank?

Cauldron Energy 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.

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Cauldron Energy (ASX:CXU) Business Description

Industry

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Traded in Other Exchanges

CAULF:USA UFX:Germany

Address

1008 Wellington Street, Unit 47, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.cauldronenergy.com.au

Cauldron Energy Ltd is an Australia-based exploration company. The company operates through the Yanrey Uranium project located in the south of Onslow in the northwest of Western Australia; the Rio Colorado Project is located in the Tinogasta region of the Catamarca, Argentina; and the Blackwood goldfield project in Victoria; Bennet Well Uranium Deposit; Cauldron River Sands Project. It has two geographical segments which include Australia and Argentina.

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