Chibougamau Independent Mines (Chibougamau Independent Mines) Momentum Rank : 10 (As of May. 16, 2024)

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What is Chibougamau Independent Mines Momentum Rank?

Chibougamau Independent Mines has the Momentum Rank of 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.

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

Competitive Comparison of Chibougamau Independent Mines's Momentum Rank

For the Other Precious Metals & Mining subindustry, Chibougamau Independent Mines'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.

Chibougamau Independent Mines's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Chibougamau Independent Mines's Momentum Rank falls into.

Chibougamau Independent Mines Momentum Rank Related Terms

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Chibougamau Independent Mines (Chibougamau Independent Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chibougamau Independent Mines Inc (OTCPK:CMAUF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CLL1:Germany CBG:Canada

Address

86, 14th Street, Rouyn-Noranda, QC, CAN, J9X 2J1

Website

http://www.chibougamaumines.com

Chibougamau Independent Mines Inc is a natural resources exploration company. It is focused on reviving production in the Chibougamau gold-copper mining camp. It owns an interest in several exploration properties including Berrigan South and Berrigan Mine, Bateman Bay, Grandroy, Kokko Creek, Lac Simon, and others.

Chibougamau Independent Mines (Chibougamau Independent Mines) Headlines

From GuruFocus

Chibougamau Independent Mines Drilling at Berrigan Intersects Wide Mineralized Zones

By GlobeNewswire GlobeNewswire • 12-01-2022

TD Bank Appointed Lead Arranger, Mont Sorcier Project

By GlobeNewswire • 11-21-2023