GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Caspin Resources Ltd (ASX:CPN) » Definitions » Momentum Rank

Caspin Resources (ASX:CPN) Momentum Rank : 0 (As of Jun. 10, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Caspin Resources Momentum Rank?

Caspin Resources 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.


Caspin Resources Momentum Rank Related Terms

Thank you for viewing the detailed overview of Caspin Resources's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Caspin Resources (ASX:CPN) Business Description

Traded in Other Exchanges
N/A
Address
675 Murray Street, Ground Floor, West Perth, Perth, WA, AUS, 6005
Caspin Resources Ltd is a mining company engaged in mineral exploration and assessment of mineral projects. The company operates geographically in Australia. Its projects include Mount Squires Gold Project; and Yarawindah Brook Project which is focused on nickel, copper, cobalt, and gold mining.

Caspin Resources (ASX:CPN) Headlines

From GuruFocus

Bill Nygren Comment on Calpine Corporation

By guruek guruek 07-13-2010

David Einhorn Adds Calpine, Rite Aid, Amaya to Portfolio

By Sydnee Gatewood Sydnee Gatewood 08-16-2016

David Einhorn Purchases Stake in Calpine

By Kyle Ferguson Kyle Ferguson 09-07-2016

Weekly Insider Sells Highlight: CPN, INCY, GPK, CODE

By Jimmy Xiao gurujx 02-24-2014

Robert Bruce Exits Calpine, Agenus

By Tiziano Frateschi Tiziano Frateschi 05-23-2018

Bunny Portfolio Hops Into a Wall

By John Dorfman John Dorfman 12-09-2015

If You Own Utility Stocks, Consider Selling the Overvalued Ones - Part 1

By Chuck Carnevale Chuck Carnevale 07-25-2012