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Global Ecology (Global Ecology) Momentum Rank : 0 (As of May. 27, 2024)


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What is Global Ecology Momentum Rank?

Global Ecology 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.

Global Ecology Momentum Rank Related Terms

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Global Ecology (Global Ecology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Global Ecology Corp (OTCPK:GLEC) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
96 Park Street, Montclair, NJ, USA, 07042
Website
http://www.geco.us
Global Ecology Corp is engaged in the development, production and marketing of advanced waste remediation technologies that address universal environmental issues.These issues include organic soil revitalization, reduction of greenhouse gas emissions, solid waste remediation and point-of-use water purification solutions.

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