GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ceylon Graphite Corp (FRA:CCY) » Definitions » Momentum Rank

Ceylon Graphite (FRA:CCY) Momentum Rank : 0 (As of Jun. 14, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Ceylon Graphite Momentum Rank?

Ceylon Graphite 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.

Ceylon Graphite Momentum Rank Related Terms

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

Ceylon Graphite (FRA:CCY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ceylon Graphite Corp (FRA:CCY) » Definitions » Momentum Rank
Comparable Companies
TSX:NCF TSXV:SRQ XCNQ:OWLI TSXV:ABZ XCNQ:POWR TSXV:NIO TSXV:EP XCNQ:EVM XCNQ:CMT TSXV:LMS ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
N/A
Address
1100-1111 Melville Street, Vancouver, BC, CAN, V6E 3V6
Website
https://www.ceylongraphite.com
Ceylon Graphite Corp is a graphite mining company. It is engaged in the exploration and production of high-grade graphite. The company owns the K1 production site and several other sites advancing towards production including M1, N1 and H1.

Ceylon Graphite (FRA:CCY) Headlines

No Headlines