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Capstone Copper (ASX:CSC) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Capstone Copper Momentum Rank?

Capstone 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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Capstone Copper (ASX:CSC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Capstone Copper Corp (ASX:CSC) » Definitions » Momentum Rank
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TSX:HBM TSX:ERO TSX:LUN TSX:TKO TSX:III TSX:MARI TSX:FM TSX:ARG TSXV:LA TSX:ASCU SCCO FCX LSE:ANTO LIM:CVERDEC1 SHSE:600362 WAR:KGH SZSE:000630 HKSE:01208 BOM:513599 HKSE:01258
Traded in Other Exchanges
CSCCF:USA OUW0:Germany CS:Canada
Address
510 West Georgia Street, Suite 2100, Vancouver, BC, CAN, V6B 0M3
Website
http://www.capstonemining.com
Capstone Copper Corp is a company that mines, explores, and develops mineral properties in the Americas. Specifically, the group has operating mines in the US, Mexico, and Canada, and development projects in Chile and Canada. Capstone's main focus is copper, but the company also produces zinc, lead, molybdenum, silver, and gold. The Company has six reportable segments which are Pinto Valley (US), Mantos Blancos (Chile), Mantoverde (Chile), Cozamin (Mexico), as well as the Santo Domingo development project (Chile) and Other.

Capstone Copper (ASX:CSC) Headlines

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