Purepoint Uranium Group (TSXV:PTU) Momentum Rank : 4 (As of Apr. 15, 2025)

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What is Purepoint Uranium Group Momentum Rank?

Purepoint Uranium Group has the Momentum Rank of 4.

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.

Competitive Comparison of Purepoint Uranium Group's Momentum Rank

For the Uranium subindustry, Purepoint Uranium Group'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.

Purepoint Uranium Group's Momentum Rank Distribution in the Other Energy Sources Industry

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

* The bar in red indicates where Purepoint Uranium Group's Momentum Rank falls into.

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Purepoint Uranium Group Momentum Rank Related Terms

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Purepoint Uranium Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Purepoint Uranium Group Inc (TSXV:PTU) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PTUUF:USA P5X0:Germany P5X0:Germany

Address

120 Adelaide Street West, Suite 2500, Toronto, ON, CAN, M5H 1T1

Website

https://www.purepoint.ca

Purepoint Uranium Group Inc is a resource company engaged in the acquisition, exploration, and development of properties to produce uranium. Its mineral properties are all located in the Athabasca Basin, Northern Saskatchewan, Canada. The group's properties include Hook Lake, Red Willow, Turnor Lake, Henday Lake, Smart Lake, Tabbernor Block, and Umfreville Lake.

Executives

Christopher John Frostad	Director, Senior Officer
Allan Beach	Director

Purepoint Uranium Group Headlines

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