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Core Nickel (Core Nickel) Momentum Rank : 0 (As of May. 24, 2024)


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What is Core Nickel Momentum Rank?

Core Nickel 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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Core Nickel (Core Nickel) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Core Nickel Corp (OTCPK:CNCOF) » Definitions » Momentum Rank
Comparable Companies
Traded in Other Exchanges
CNCO:Canada
Address
75 - 24th Street East, Unit 204, Saskatoon, SK, CAN, S7K0K3
Website
https://www.corenickel.com
Core Nickel Corp is engaged in developing the Nickel Properties, It operates five nickel properties: Halfway Lake, Resting Lake, Hunter, Odei River, and Mel properties all in the Thompson nickel belt of northern Manitoba.

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