Cokal (ASX:CKA) Momentum Rank

: 1 (As of Today)

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Cokal has the Momentum Rank of 1.

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

For the Coking Coal subindustry, Cokal'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.

Cokal Momentum Rank Distribution

For the Steel industry and Basic Materials sector, Cokal's Momentum Rank distribution charts can be found below:

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

Cokal Momentum Rank Related Terms

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Cokal (ASX:CKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Cokal Ltd (ASX:CKA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

56 Pitt Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.cokal.com.au

Cokal Ltd is a coal exploration company. The principal activity of the company is an exploration of coal within the Central Kalimantan coking coal basin in Indonesia. Cokal has interests in four projects in Central Kalimantan and one project in West Kalimantan. The firm is organized into three operating segments main areas, which involves the exploration of coal in Indonesia, Australia and Singapore. The majority of its revenue is derived from Australia.

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