Catalyst Metals (ASX:CYL) Momentum Rank : 5 (As of May. 16, 2024)

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What is Catalyst Metals Momentum Rank?

Catalyst Metals has the Momentum Rank of 5.

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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Competitive Comparison of Catalyst Metals's Momentum Rank

For the Gold subindustry, Catalyst Metals'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.

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

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

* The bar in red indicates where Catalyst Metals's Momentum Rank falls into.

Catalyst Metals Momentum Rank Related Terms

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Catalyst Metals (ASX:CYL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Catalyst Metals Ltd (ASX:CYL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CTYMF:USA

Address

Level 1, 30 Richardson Street, West Perth, WA, AUS, 6005

Website

https://www.catalystmetals.com.au

Catalyst Metals Ltd is engaged in the mineral exploration and evaluation and production of gold. The company's flagship mineral exploration projects include Whitelaw Gold Belt, Tandarra Gold Project, Raydarra Project, Four Eagles Project, Macorna Bore Project, Sebastian Project, and Henty Gold Mine. The business is organized into four operating segments namely Victoria, Tasmania, Western Australia, Corporate and unallocated The main products and services of business operating segments are the mining and exploration , evaluation operations in Australia. Substantial revenue generates from the Tasmania segment.

Catalyst Metals (ASX:CYL) Headlines

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