ITEX (ITEX) Momentum Rank : 7 (As of May. 01, 2024)

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What is ITEX Momentum Rank?

ITEX has the Momentum Rank of 7.

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 ITEX's Momentum Rank

For the Capital Markets subindustry, ITEX'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.

ITEX's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, ITEX's Momentum Rank distribution charts can be found below:

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

ITEX Momentum Rank Related Terms

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

ITEX (ITEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » ITEX Corp (OTCPK:ITEX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

13555 South East 36th Street, Suite 210, Bellevue, WA, USA, 98006

Website

https://www.itex.com

ITEX Corp operates a marketplace in which products and services are exchanged by marketplace members utilizing virtual currency. Its Marketplace provides a forum for members to purchase from and sell their products and services to other members using ITEX dollars instead of the United States dollars and Canadian dollars (USD or cash). It administers the marketplace and provides record-keeping and payment transaction processing services for its members. They generate revenue by charging members percentage-based transaction fees, association fees, and other fees assessed in United States dollars and Canadian dollars.

Executives

Lion Fund, L.p.	10 percent owner	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Capital Corp.	10 percent owner, other: See Explanation of Responses	19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Kevin H Callan	director	3326 160TH AVE. SE, STE. 100, BELLEVUE WA 98008
Timothy R Morones	director	3326 160TH AVE SE STE 100, BELLEVUE WA 98008
Sardar Biglari,	10 percent owner, other: See Explanation of Responses	C/O BIGLARI HOLDINGS INC., 19100 RIDGEWOOD PKWY, SUITE 1200, SAN ANTONIO TX 78259
Biglari Holdings Inc.	10 percent owner, other: See Explanation of Responses	17802 IH 10 WEST, SUITE 400, SAN ANTONIO TX 78257
Western Sizzlin Corp	10 percent owner, other: See Explanation of Responses	317 KIMBALL AVENUE NW, ROANOKE VA 24016
G. Andrew Cooke	10 percent owner	3110 9TH ROAD N. APT. B, ARLINGTON VA 22201
David Polonitza	10 percent owner	54B SANDRA CIRCLE, APT B1, WESTFIELD NJ 07090
Pagidipati Family Limited Partnership	10 percent owner	2955 SE 3RD COURT, OCALA FL 34471
Corner Market Capital Corp	10 percent owner	BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Sanjeev Parsad	10 percent owner	21-355 DUTHIE AVENUE, BURNABY A1 V5A-2P3
Alnesh Mohan	10 percent owner	702-583 BEACH CRESCENT, VANCOUVER A1 V6Z-3E6
Corner Market Capital U.s., Inc.	10 percent owner	BOX 36, #1620 - 1140 WEST PENDER STREET, VANCOUVER A1 V6E-4G1
Mpic Fund I Lp	10 percent owner	1199 WEST PENDER STREET, SUITE 680, VANCOUVER A1 V6E 2R1

ITEX (ITEX) Headlines

From GuruFocus

ITEX Corporation Major Shareholder Interview

By guruek Saj Karsan • 04-15-2010

Deep Value Opportunity in the economically favorable business of Bartering

By shadowstock shadowstock • 01-22-2011

ITEX Commences Cash Tender Offer to Purchase its Common Stock Up to 527,779 Shares at $4.30 per Share

By PRNewswire PRNewswire • 03-04-2019

ITEX Corp: Undervalued?

By Mark Yu Mark Yu • 07-20-2016