Fission Uranium (TSX:FCU) Momentum Rank : 9 (As of Apr. 29, 2024)

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What is Fission Uranium Momentum Rank?

Fission Uranium has the Momentum Rank of 9.

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 Fission Uranium's Momentum Rank

For the Uranium subindustry, Fission 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.

Fission Uranium's Momentum Rank Distribution in the Other Energy Sources Industry

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

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

Fission Uranium Momentum Rank Related Terms

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Fission Uranium (TSX:FCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Fission Uranium Corp (TSX:FCU) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FCUUF:USA 2FU:Germany

Address

700 - 1620 Dickson Avenue, Kelowna, BC, CAN, V1Y 9Y2

Website

http://www.fissionuranium.com

Fission Uranium Corp is a junior resource issuer engaged in the growth and advancement of its core asset, the PLS Property, located in Saskatchewan, Canada. It owns interest in the high grade and near surface Triple R uranium deposit, located on the south western edge of Canada's Athabasca Basin. The company released results of a pre feasibility study outlining an underground only mine plan. The Company's principal business activity is the acquisition and development of exploration and evaluation assets.

Fission Uranium (TSX:FCU) Headlines

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