Canickel Mining (Canickel Mining) Momentum Rank : 7 (As of May. 20, 2024)

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

What is Canickel Mining Momentum Rank?

Canickel Mining has the Momentum Rank of 7.

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 Canickel Mining's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Canickel Mining'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.

Canickel Mining's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Canickel Mining's Momentum Rank falls into.

Canickel Mining Momentum Rank Related Terms

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

Canickel Mining (Canickel Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canickel Mining Ltd (OTCPK:CMLGF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CMID:Germany CML:Canada

Address

999 West Hastings Street, Suite 1655, P.O.Box 35, Vancouver, BC, CAN, V6C 2W2

Website

https://www.canickel.com

Canickel Mining Ltd is a mining company focused on nickel mining and related activities, including exploration and the extraction and processing of nickel-containing ore. All assets of the Company are in Canada. It is also operating running the care and maintenance program at Bucko Lake Mine to safeguard assets and carry out exploration activities. It has a single segment and is focused on nickel mining including exploration and extraction and processing of nickel-containing ore.

Canickel Mining (Canickel Mining) Headlines

No Headlines