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Culpeo Minerals (ASX:CPO) Momentum Rank : 0 (As of Jun. 25, 2024)


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What is Culpeo Minerals Momentum Rank?

Culpeo 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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Culpeo Minerals (ASX:CPO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Culpeo Minerals Ltd (ASX:CPO) » Definitions » Momentum Rank
Comparable Companies
ASX:NRX ASX:NTM ASX:RDS ASX:CCZ ASX:ALM ASX:REC SCCO FCX LSE:ANTO LIM:CVERDEC1 TSX:FM SHSE:600362 SZSE:000630 WAR:KGH TSX:LUN SZSE:002203 HKSE:01208 TSX:CS HKSE:01258 ASX:SFR
Traded in Other Exchanges
N/A
Address
152 – 158 St Georges Terrace, Level 48 Central Park, Perth, WA, AUS, 6000
Website
https://www.culpeominerals.com.au
Culpeo Minerals Ltd is a copper exploration and development company whose interests are focused on Chile. The company is concentrating on exploring potential high-grade copper systems in the coastal Cordillera region of Chile. It has two segments Exploration and evaluation and Corporate.

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