Collective Mining (TSX:CNL) Momentum Rank : 6 (As of Dec. 12, 2024)

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What is Collective Mining Momentum Rank?

Collective Mining has the Momentum Rank of 6.

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 Collective Mining's Momentum Rank

For the Gold subindustry, Collective Mining'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.

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

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

* The bar in red indicates where Collective Mining's Momentum Rank falls into.

Collective Mining Momentum Rank Related Terms

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Collective Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Collective Mining Ltd (TSX:CNL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CNL:USA GG1:Germany

Address

82 Richmond Street East, 4th Floor, Toronto, ON, CAN, M5C 1P1

Website

https://www.collectivemining.com

Collective Mining Ltd is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. The company currently has 100% interest in two projects located in Colombia, namely, Guayabales and San Antonio. The company is responsible for discovering, permitting, and constructing the gold mine in Colombia. The company is rapidly advancing exploration on large-scale copper-gold-molybdenum porphyry targets in the mining-friendly department of Caldas in Colombia. Drilling is underway at the Guayabales project which is strategically located contiguous to the Marmato deposit, with initial assay results ongoing.

Executives

Paul Philemon Begin	Senior Officer
Ashwath Mehra	Director
Ari B Sussman	10% Security Holder, Director
Paul Murphy	Director
Kenneth Glyndwr Thomas	Director
Steven Gold	Senior Officer