Cameco (TSX:CCO) Momentum Rank : 6 (As of Apr. 24, 2024)

View and export this data going back to 1991. Start your Free Trial

What is Cameco Momentum Rank?

Cameco has the Momentum Rank of 6.

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 Cameco's Momentum Rank

For the Uranium subindustry, Cameco'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.

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

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

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

Cameco Momentum Rank Related Terms

Thank you for viewing the detailed overview of Cameco's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Cameco (TSX:CCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Cameco Corp (TSX:CCO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CCJ:USA CJ6:Germany

Address

2121 - 11th Street West, Saskatoon, SK, CAN, S7M 1J3

Website

https://www.cameco.com

Cameco Corp is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.