CNNC International (FRA:U7MA) Momentum Rank : 5 (As of Dec. 12, 2024)

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What is CNNC International Momentum Rank?

CNNC International 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of CNNC International's Momentum Rank

For the Uranium subindustry, CNNC International'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.

CNNC International's Momentum Rank Distribution in the Other Energy Sources Industry

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

* The bar in red indicates where CNNC International's Momentum Rank falls into.

CNNC International Momentum Rank Related Terms

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CNNC International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » CNNC International Ltd (FRA:U7MA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

02302:Hong Kong

Address

No. 26 Harbour Road, China Resources Building, Unit 2906, 29th Floor, Wanchai, HKG

Website

http://www.cnncintl.com

CNNC International Ltd is a Hong Kong-based investment holding company principally engaged in the trading of natural uranium. The Company operates its business through two segments. The Trading of Mineral Property segment is principally engaged in the trading of uranium products. The Exploration and Selling of Mineral Property segment is principally engaged in the exploration and trading of uranium mineral properties. The company's main suppliers come from countries and regions such as the United States, Europe, Kazakhstan and Hong Kong.

CNNC International Headlines

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