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Arizona Sonoran Copper Co (TSX:ASCU) Momentum Rank : 0 (As of May. 16, 2024)


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What is Arizona Sonoran Copper Co Momentum Rank?

Arizona Sonoran Copper Co 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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Arizona Sonoran Copper Co (TSX:ASCU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arizona Sonoran Copper Co Inc (TSX:ASCU) » Definitions » Momentum Rank
Comparable Companies
TSX:ARG TSX:FDY TSX:NCU TSXV:CUU TSXV:HCU TSXV:HI TSXV:TM TSX:ATCU TSXV:QCCU TSXV:SLMN SCCO FCX LSE:ANTO LIM:CVERDEC1 TSX:FM SHSE:600362 SZSE:000630 WAR:KGH TSX:LUN SZSE:002203
Traded in Other Exchanges
ASCUF:USA H6F:Germany
Address
Simpson Tower, 401 Bay Street, Suite 2704, Box Number 4, Toronto, ON, CAN, M5H 2Y4
Website
https://www.arizonasonoran.com
Arizona Sonoran Copper Co Inc is a mineral exploration company. It owns interests in the Cactus Project, located to the southeast of the Phoenix metropolitan area, on private land in Pinal County, Arizona.
Executives
Alan R. Edwards Director
Sarah Ann Strunk Director

Arizona Sonoran Copper Co (TSX:ASCU) Headlines

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