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Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Momentum Rank : 0 (As of May. 05, 2024)


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What is Ascendant Digital Acquisition III Momentum Rank?

Ascendant Digital Acquisition III 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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Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ascendant Digital Acquisition Corp III (NYSE:ACDI) » Definitions » Momentum Rank
Comparable Companies
ESM EZRG HMCO ALTU FSRX AGGR MBSC ARGU PPYA KRNL GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
667 Madison Avenue, 5th Floor, New York, NY, USA, 10065
Website
https://www.ascendant.digital
Ascendant Digital Acquisition Corp III is a blank check company.
Executives
Michael G Jesselson director 1301 AVENUE OF THE AMERICAS, SUITE 4101, NEW YORK NY 10019
Robert Foresman director C/O GLOBAL CONSUMER ACQUISITION CORP, 1370 AVENUE OF THE AMERICAS, 28TH FLOOR, NEW YORK NY 10019
Riaan Hodgson director, officer: Chief Operating Officer C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10065
Mark Gerhard director, officer: Chief Executive Officer 667 MADISON AVENUE, 5TH FLOOR, C/O ASCENDANT DIGITAL ACQUISITION CORP., NEW YORK NY 10065
David Gomberg director, 10 percent owner, officer: President C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10065
Mickie Rosen director C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10065
Diane Nelson director C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10065
Ascendant Sponsor Lp Iii director, 10 percent owner C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, NEW YORK NY 10065
Ascendant Sponsor Gp Iii Llc 10 percent owner C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, NEW YORK NY 10065

Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Headlines