Global Compliance Applications (XCNQ:APP) Momentum Rank : 0 (As of May. 15, 2024)

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What is Global Compliance Applications Momentum Rank?

Global Compliance Applications 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.

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Global Compliance Applications (XCNQ:APP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Compliance Applications Corp (XCNQ:APP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FUAPF:USA TK6:Germany

Address

1100 Melville Street, P.O. Box 43, Suite 830, Vancouver, BC, CAN, V6E 4A6

Website

https://www.globalcompliance.app

Global Compliance Applications Corp is engaged in designing and developing data technologies and applications for the medical cannabis industry. It generates revenue from Software licensing.

Executives

Bradley Donald Moore

Director, Senior Officer