Azure Holding Group (Azure Holding Group) Momentum Rank : 0 (As of Jun. 19, 2024)

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What is Azure Holding Group Momentum Rank?

Azure Holding Group 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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Azure Holding Group (Azure Holding Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Azure Holding Group Corp (OTCPK:AZRH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

26060 Acero, Suite 209, Mission Viejo, CA, USA, 92619

Website

https://www.azureholdinggroup.com

Azure Holding Group Corp is engaged in the gaming and advertising business as well as leveraging blockchain technologies and Artificial Intelligence cryptocurrency monetization. The company also involved in the mining business mostly in gold. Its assets are situated in the Southwest region of the United States and in Northwest Mexico.

Azure Holding Group (Azure Holding Group) Headlines

From GuruFocus

Azure Holding Group Corp. Acquires Eragon Mining

By Marketwired Marketwired • 05-29-2019