Prophecy DeFi (XCNQ:PDFI) Momentum Rank : 0 (As of May. 27, 2024)

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What is Prophecy DeFi Momentum Rank?

Prophecy DeFi 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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Prophecy DeFi (XCNQ:PDFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Prophecy DeFi Inc (XCNQ:PDFI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

V8M:Germany

Address

87 Scollard Street, Suite 100, Toronto, ON, CAN, M5R 1G4

Website

https://www.prophecydefi.com

Prophecy DeFi Inc aims to bring together technology start-ups in the Blockchain and DeFi sectors to fund innovation, elevate industry research, and create new business opportunities in a coherent ecosystem. The Company derives its income from digital currencies received for providing liquidity to decentralized cryptocurrency exchanges. Liquidity provisioning is Layer2 Blockchain's principal business activity and is the process where liquidity, in the form of digital assets, is deployed into the liquidity pools of decentralized exchanges.

Executives

John Andrew Mcmahon

Director, Senior Officer

Prophecy DeFi (XCNQ:PDFI) Headlines

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