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Blue Sky Uranium (Blue Sky Uranium) Momentum Rank : 0 (As of Apr. 26, 2024)


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What is Blue Sky Uranium Momentum Rank?

Blue Sky 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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Blue Sky Uranium (Blue Sky Uranium) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Blue Sky Uranium Corp (OTCPK:BKUCF) » Definitions » Momentum Rank
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Traded in Other Exchanges
MAL2:Germany BSK:Canada
Address
837 West Hastings Street, Suite 312, Vancouver, BC, CAN, V6C 3N6
Website
https://www.blueskyuranium.com
Blue Sky Uranium Corp is a junior mineral exploration company based in Canada. The company focuses on uranium exploration projects in southern Argentina. It owns an interest in various exploration properties including the Amarillo Grande project located in Rio Negro Province, Sierra Colonia Project, Tierras Coloradas Project, and Cerro Parva Project located in Chubut Province.