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Cascadia Minerals (Cascadia Minerals) Momentum Rank : 0 (As of May. 24, 2024)


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What is Cascadia Minerals Momentum Rank?

Cascadia 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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Cascadia Minerals (Cascadia Minerals) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cascadia Minerals Ltd (OTCPK:CAMNF) » Definitions » Momentum Rank
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XCNQ:CFE TSXV:DFR TSXV:MTB TSXV:FRED TSXV:PEAK TSXV:SAE TSXV:DMI TSXV:TBX TSXV:ENDR TSXV:SGO ISX:AMMN JSE:AMS MIC:ALRS SZSE:000975 LSE:FRES ISX:MBMA JSE:IMP TSX:TFPM HL JSE:NPH
Traded in Other Exchanges
CAM:Canada
Address
409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2
Website
https://www.cascadiaminerals.com
Cascadia Minerals Ltd is a new Canadian exploration company focused on exploring for copper and gold in Yukon and British Columbia. The company is planning a maiden drill program at its flagship Catch Property this summer, targeting high-grade copper and gold mineralization.

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