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ATVK (Ameritek Ventures) Momentum Rank : 0 (As of Dec. 14, 2024)


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What is Ameritek Ventures Momentum Rank?

Ameritek Ventures 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.

Ameritek Ventures Momentum Rank Related Terms

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Ameritek Ventures Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ameritek Ventures (OTCPK:ATVK) » Definitions » Momentum Rank
Comparable Companies
JKSM BRBL BBRW PRPI GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME OTIS CMI ROK TSE:6273 BSP:WEGE3 SHSE:600406
Traded in Other Exchanges
N/A
Address
325 North Milwaukee Avenue, Suite G1, Wheeling, IL, USA, 60090
Website
https://www.ameritekventures.com
Ameritek Ventures is a group of companies that provides various software and hardware products and services beneficial to businesses, organizations, and governments. The company have an established presence in the warehouse solutions market. With Interactive Systems, Inc. The company provides software inventory management and with interlinkONE, Inc. the company provide SaaS cloud-based solutions for warehouse and inventory fulfillment. The Firm manufactures and innovates advanced technological developments in the medical industry, such as the DittoMask high-filtration mask. The company also develops blockchain technology software programs under WebBeeO and CordTell companies.
Executives
Shaun Passley officer: Chairman, CEO and CFO 201 W. LAKE ST. 135, CH IL 60606

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