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Cobalt Blue Holdings (STU:COH) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Cobalt Blue Holdings Momentum Rank?

Cobalt Blue Holdings 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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Cobalt Blue Holdings (STU:COH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cobalt Blue Holdings Ltd (STU:COH) » Definitions » Momentum Rank
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Traded in Other Exchanges
CBBHF:USA COH:Germany COB:Australia
Address
100 Miller Street, Suite 17.03, Level 17, North Sydney, Sydney, NSW, AUS, 2060
Website
https://www.cobaltblueholdings.com
Cobalt Blue Holdings Ltd focuses upon the development and commercialisation of the Broken Hill Cobalt Deposit, Broken Hill, NSW. Its only operating segment being the exploration and evaluation of early-stage cobalt resources. The company's other project includes the Thackaringa Cobalt Project.

Cobalt Blue Holdings (STU:COH) Headlines

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