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Global Uranium and Enrichment (ASX:GUE) Momentum Rank : 0 (As of Jun. 03, 2024)


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What is Global Uranium and Enrichment Momentum Rank?

Global Uranium and Enrichment 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 Uranium and Enrichment (ASX:GUE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Global Uranium and Enrichment Ltd (ASX:GUE) » Definitions » Momentum Rank
Comparable Companies
ASX:EME ASX:1AE ASX:92E ASX:BSN ASX:T92 ASX:ADD ASX:UVA ASX:ZEU ASX:EL8 TSX:CCO XKAZ:KZAP TSX:U.UN TSX:NXE UEC ASX:PDN LSE:YCA TSX:DML HKSE:01164 TSX:EFR LEU
Traded in Other Exchanges
GUELF:USA
Address
216 St Georges Terrace, London House, Level 11, Perth, WA, AUS, 6000
Website
https://www.okapiresources.com
Global Uranium and Enrichment Ltd Formerly Okapi Resources Ltd is a mineral exploration company with a specific focus on uranium, gold, and/or base metals exploration within Australia and USA. The company has an interest in Tallahassee Uranium Project; Rattler Uranium Project; Enmore Gold Project; Lake Johnston Project; and Crackerjack Project.

Global Uranium and Enrichment (ASX:GUE) Headlines

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