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First American Uranium (XCNQ:URM) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is First American Uranium Momentum Rank?

First American Uranium has the Momentum Rank of 0.

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.

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First American Uranium (XCNQ:URM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First American Uranium Inc (XCNQ:URM) » Definitions » Momentum Rank
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Traded in Other Exchanges
FAUMF:USA I0R:Germany
Address
1500, 1055 West Georgia Street, Vancouver, BC, CAN, V6E 4N7
Website
https://www.prosperityex.ca
First American Uranium Inc.. is engaged in the identification, acquisition, and exploration of mineral properties. The Company focuses on locating and developing economic precious and base metal properties of merit and conducting exploration programs on the Silver Lake and Red Basin Properties.
Executives
Tom Mccandless Director

First American Uranium (XCNQ:URM) Headlines

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