Basin Uranium (XCNQ:NCLR) Momentum Rank : 5 (As of May. 15, 2024)

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What is Basin Uranium Momentum Rank?

Basin Uranium has the Momentum Rank of 5.

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 Basin Uranium's Momentum Rank

For the Gold subindustry, Basin Uranium'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.

Basin Uranium's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Basin Uranium's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Basin Uranium's Momentum Rank falls into.

Basin Uranium Momentum Rank Related Terms

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Basin Uranium (XCNQ:NCLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Basin Uranium Corp (XCNQ:NCLR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BURCF:USA 6NP:Germany

Address

503 – 905 West Pender Street, Vancouver, BC, CAN, V6C 1L6

Website

https://www.basinuranium.ca

Basin Uranium Corp, formerly Black Shield Metals Corp is a junior mining company and has been engaged in the acquisition, exploration, development, and mining of mineral properties. It has an interest in a carbonate hosted gold (CHG) project with CRR located in British Columbia. The Company also has two uranium projects in their exploration phase located in the United States, namely the Chord project in South Dakota and the Wray Mesa project in southeastern Utah. It also has the Mann Lake uranium project, located in Athabasca Basin of Northern Saskatchewan.

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