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Castillo Copper (ASX:CCZ) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Castillo Copper Momentum Rank?

Castillo Copper 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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Castillo Copper (ASX:CCZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Castillo Copper Ltd (ASX:CCZ) » Definitions » Momentum Rank
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ASX:NTM ASX:RDS ASX:ALM ASX:NRX ASX:REC ASX:CPO ASX:RRR ASX:CYM SCCO FCX LSE:ANTO TSX:FM LIM:CVERDEC1 SHSE:600362 SZSE:000630 WAR:KGH TSX:LUN SZSE:002203 HKSE:01208 TSX:CS
Traded in Other Exchanges
CCZ:UK 7OR:Germany
Address
45 Ventnor Avenue, West Perth, Perth, WA, AUS, 6005
Website
https://www.castillocopper.com
Castillo Copper Ltd is an Australian metal explorer focused on copper, cobalt, zinc, and nickel exploration operating assets in eastern Australia. The company currently holds copper projects in Queensland and New South Wales in Australia as well as copper projects in Zambia. It is predominantly focused on the Mt Oxide Project in Queensland; the Zambian Copper Projects' Broken Hill Project and Cangai Copper Project.