enCore Energy (TSXV:EU) Momentum Rank : 3 (As of May. 06, 2024)

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What is enCore Energy Momentum Rank?

enCore Energy has the Momentum Rank of 3.

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.

Competitive Comparison of enCore Energy's Momentum Rank

For the Uranium subindustry, enCore Energy's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

enCore Energy's Momentum Rank Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, enCore Energy's Momentum Rank distribution charts can be found below:

* The bar in red indicates where enCore Energy's Momentum Rank falls into.

enCore Energy Momentum Rank Related Terms

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enCore Energy (TSXV:EU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » enCore Energy Corp (TSXV:EU) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

EU:USA 6TU:Germany 6TU:Germany

Address

101 N. Shoreline Boulevard, Suite 450, Corpus Christi, TX, USA, 78401

Website

https://www.encoreuranium.com

enCore Energy Corp together with its subsidiary, is engaged in the acquisition and exploration of resource properties. The company holds the Marquez project in New Mexico as well as the dominant land position in Arizona with additional other properties in Utah and Wyoming. The firm also owns or has access to North American and global uranium data including the Union Carbide, us Smelting and Refining, UV Industries, and Rancher's Exploration databases in addition to a collection of geophysical data for the high-grade Northern Arizona Breccia Pipe District.