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Global Li-Ion Graphite (XCNQ:LION) Momentum Rank : 0 (As of Jun. 03, 2024)


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What is Global Li-Ion Graphite Momentum Rank?

Global Li-Ion Graphite 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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Global Li-Ion Graphite (XCNQ:LION) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Global Li-Ion Graphite Corp (XCNQ:LION) » Definitions » Momentum Rank
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Traded in Other Exchanges
GBBGF:USA 0TD:Germany
Address
510 Burrard Street, Suite 908, Vancouver, BC, CAN, V6C 3A8
Website
https://www.globalli-iongraphite.com
Global Li-Ion Graphite Corp is engaged in the acquisition, exploration, and development of mineral resources. It mainly focuses on the development of graphite projects with an intent to supply the rapidly growing energy storage industry. Some of the company's projects are Lac de Gras, Neuron Graphite, and Madagascar Graphite. Each Li-Ion Battery requires Graphite, Lithium, Cobalt and nickel. Geographically, it operates in Canada and Madagascar, out of which the majority of revenue is from Canada.
Executives
Jason Walsh Director