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Adara Acquisition (Adara Acquisition) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Adara Acquisition Momentum Rank?

Adara Acquisition 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.

Adara Acquisition Momentum Rank Related Terms

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Adara Acquisition (Adara Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adara Acquisition Corp (AMEX:ADRA.U) » Definitions » Momentum Rank
Comparable Companies
INTE BENE GGGV WINV LVAC WEL GIAC FATP ADRT TGVC GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
8845 Red Oak Boulevard, Charlotte, NC, USA, 28217
Website
https://www.adaraspac.com
Adara Acquisition Corp is a blank check company.
Executives
Paul Eibeler director C/O MOOMJIAN & WAITE, LLP, 100 JERICHO QUADRANGLE STE 225, JERICHO NY 11753
Ogilvie Bruce A Jr director, 10 percent owner, officer: See Remarks 1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
John Edwin Kutch officer: Chief Financial Officer 1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
Chris Nagelson director 1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
Terilea J Wielenga director 25 CEDAR RIDGE, IRVINE CA 92603
Jeffrey Clinton Walker director, 10 percent owner, officer: Chief Executive Officer 1401 NW 136TH AVE, SUITE 100, SUNRISE FL 33323
Dylan Glenn director 535 BROAD HOLLOW ROAD, SUITE B51, MELVILLE NY 11747
Martin A. Sumichrast director, 10 percent owner, officer: Chief Executive Officer 11125 COLONIAL COUNTRY LANE, CHARLOTTE NC 28277
Thomas M Finke director BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Paul G Porter officer: Chief Financial Officer 7621 LITTLE AVE, STE 414, CHARLOTTE NC 28226
Adara Sponsor Llc 10 percent owner 8845 RED OAK BOULEVARD, CHARLOTTE NC 28217
Donaldson Walter Tommy Iii director 211 EAST BLVD., CHARLOTTE NC 28203
Beatriz Acevedo-greiff director 1023 MAPLE STREET, SANTA MONICA CA 90405
Frank Quintero director 1966 DEERMONT RD, GLENDALE CA 91207

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