The Canadian Chrome Co (XCNQ:CACR.A) Momentum Rank : 3 (As of Apr. 24, 2024)

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What is The Canadian Chrome Co Momentum Rank?

The Canadian Chrome Co has the Momentum Rank of 3.

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.

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Competitive Comparison of The Canadian Chrome Co's Momentum Rank

For the Other Industrial Metals & Mining subindustry, The Canadian Chrome Co'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.

The Canadian Chrome Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, The Canadian Chrome Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where The Canadian Chrome Co's Momentum Rank falls into.

The Canadian Chrome Co Momentum Rank Related Terms

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The Canadian Chrome Co (XCNQ:CACR.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » The Canadian Chrome Co (XCNQ:CACR.A) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KWGBF:USA

Address

141 Adelaide Street West, Suite 240, Toronto, ON, CAN, M5H 3L5

Website

https://www.kwgresources.com

KWG Resources Inc is a Canada-based mineral exploration company. It is engaged in the exploration and evaluation of base and precious metals and in the development of a transportation link to access the areas where these are located. It also has interests in technology relating to the production of chromium iron alloys. The company is focused on the development of chromite deposits in the James Bay Lowlands of Northern Ontario, Canada. Its properties include Black Horse, Koper Lake, and McFaulds Lake. The Company's operations comprise a single reporting operating segment engaged in mineral exploration in Canada.

The Canadian Chrome Co (XCNQ:CACR.A) Headlines

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