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NexJ Systems (TSX:NXJ) Momentum Rank : 0 (As of May. 26, 2024)


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What is NexJ Systems Momentum Rank?

NexJ Systems 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.

NexJ Systems Momentum Rank Related Terms

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NexJ Systems (TSX:NXJ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » NexJ Systems Inc (TSX:NXJ) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
10 York Mills Road, Suite 700, Toronto, ON, CAN, M2P 2G4
Website
https://www.nexj.com
NexJ Systems Inc delivers enterprise customer management solutions to the financial services and insurance industries. The company's solutions include Customer Relationship Management (CRM) for financial services and insurance; Customer Process Management (CPM) for client onboarding and Know Your Customer (KYC), and Customer Data Management (CDM) to deliver a view of customers across the line of business and regional data silos. Its geographical segments include the Americas, EMEA (Europe, the Middle East, and Africa), and the Asia Pacific.