ThreeD Capital (XCNQ:IDK) Momentum Rank : 3 (As of May. 22, 2024)

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What is ThreeD Capital Momentum Rank?

ThreeD Capital has the Momentum Rank of 3.

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 ThreeD Capital's Momentum Rank

For the Asset Management subindustry, ThreeD Capital'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.

ThreeD Capital's Momentum Rank Distribution in the Asset Management Industry

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

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

ThreeD Capital Momentum Rank Related Terms

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ThreeD Capital (XCNQ:IDK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ThreeD Capital Inc (XCNQ:IDK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IDKFF:USA

Address

130 Spadina Avenue, Suite 401, Toronto, ON, CAN, M5V 2L4

Website

https://www.threedcapital.com

ThreeD Capital Inc is a Canada-based venture capital firm. Principally, the company's operations relate to investing. It is focused on investments in companies in the junior resources, technology, and biotechnology markets.

Executives

Sheldon Inwentash

Director, Director or Senior Officer of 10% Security Holder, Senior Officer

ThreeD Capital (XCNQ:IDK) Headlines

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