Mega Uranium (Mega Uranium) Momentum Rank : 6 (As of May. 05, 2024)

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What is Mega Uranium Momentum Rank?

Mega Uranium has the Momentum Rank of 6.

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 Mega Uranium's Momentum Rank

For the Uranium subindustry, Mega Uranium'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.

Mega Uranium's Momentum Rank Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Mega Uranium's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mega Uranium's Momentum Rank falls into.

Mega Uranium Momentum Rank Related Terms

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Mega Uranium (Mega Uranium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Mega Uranium Ltd (OTCPK:MGAFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

M6J:Germany MGA:Canada

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.megauranium.com

Mega Uranium Ltd is a Canada-based exploration stage mineral resources company. The company is engaged in the acquisition and exploration of uranium prospective properties. Its properties include Ben Lomond, Georgetown, and Kintyre in Australia. Geographically, it operates in Canada and Australia.

Mega Uranium (Mega Uranium) Headlines

From GuruFocus

Mega Uranium Ltd. Increases Private Placement

By GlobeNewswire GlobeNewswire • 08-17-2018

Mega Uranium Ltd. Closes Final Tranche of Private Placement

By GlobeNewswire GlobeNewswire • 12-24-2018

Mega Announces Refiled MD&A and AIF

By GlobeNewswire GlobeNewswire • 05-15-2018

Mega Uranium Announces Ben Lomond Option Exercise

By GlobeNewswire GlobeNewswire • 06-15-2022

Mega Uranium Acquires Additional Securities of Green Shift Commodities

By GlobeNewswire GlobeNewswire • 12-23-2022