Cruz Battery Metals (FRA:BR00) Momentum Rank : 0 (As of Jun. 25, 2024)

View and export this data going back to 2007. Start your Free Trial

What is Cruz Battery Metals Momentum Rank?

Cruz Battery Metals 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.

Cruz Battery Metals Momentum Rank Related Terms

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

Cruz Battery Metals (FRA:BR00) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cruz Battery Metals Corp (FRA:BR00) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BKTPF:USA 0URE:UK CRUZ:Canada

Address

700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y1K8

Website

https://www.cruzbatterymetals.com

Cruz Battery Metals Corp is an exploration company. Its principal business activities include acquiring and developing high-quality battery metals projects in ethical mining jurisdictions, essential for the rechargeable battery and renewable energy sectors. The projects of the company include War Eagle Cobalt, Diamond Project, Hector Cobalt Prospect, Other Cobalt Prospects, Yukon Quartz Claims, Idaho Cobal Belt Project, Idaho Star Cobalt Prospect, Nevada Clayton Valley W. Lithium Property, and Nevada Solar Lithium Project. The company operates in USA and Canada.

Cruz Battery Metals (FRA:BR00) Headlines

No Headlines