Myriad Uranium (XCNQ:M) Momentum Rank : 3 (As of Dec. 14, 2024)

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What is Myriad Uranium Momentum Rank?

Myriad Uranium has the Momentum Rank of 3.

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 Myriad Uranium's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Myriad Uranium'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.

Myriad Uranium's Momentum Rank Distribution in the Metals & Mining Industry

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

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

Myriad Uranium Momentum Rank Related Terms

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Myriad Uranium Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MYRUF:USA C3Q:Germany

Address

1090 West Georgia Street, Suite 600, Vancouver, BC, CAN, V6E 3V7

Website

https://www.myriaduranium.com

Myriad Uranium Corp is a mineral exploration company. The company operates in one operating segment, which is the exploration and evaluation of mineral properties. The company is in the business of mineral exploration. The business of mining and exploring for minerals involves a high degree of risk and there can be no assurance that the Company will obtain the necessary financing to complete the exploration and development of mineral property interests.

Executives