Cielo Waste Solutions (TSXV:CMC) Momentum Rank : 0 (As of Mar. 03, 2025)

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What is Cielo Waste Solutions Momentum Rank?

Cielo Waste Solutions has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

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

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Cielo Waste Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cielo Waste Solutions Corp (TSXV:CMC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CWSFF:USA C360:Germany

Address

605 5th Avenue, S.W., Suite 1100, Calgary, AB, CAN, T2P 3H5

Website

https://www.cielows.com

Cielo Waste Solutions Corp is a Canada-based company principally engaged in the business of refining municipal and construction waste into high-grade renewable fuels. Its technologies are focused on materials recovery, renewable diesel, and landfill reduction through responsible diversion practices. The business operations of the company are carried out in Canada and the United States.

Executives

James Henry Ross	Director
Sheila Leggett	Director
Clayton Donald Allan	Director, Senior Officer
Lazar Schafran	Director
Lionel Terry Robins	Senior Officer
Shawn Frenette	Senior Officer
Ralph Bohlmann	Senior Officer
Jasdeep Kaur Dhaliwal	Director
Stuart Mccormick	Senior Officer
Di Li	Senior Officer
Melvin Ross Angeltvedt	Director
Christopher Robin Ray	Director, Senior Officer