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BKLIF (Blockmint Technologies) Momentum Rank : 0 (As of Apr. 01, 2025)


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What is Blockmint Technologies Momentum Rank?

Blockmint Technologies has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Blockmint Technologies Momentum Rank Related Terms

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Blockmint Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Blockmint Technologies Inc (OTCPK:BKLIF) » Definitions » Momentum Rank
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Traded in Other Exchanges
BKMT:Canada
Address
733 Seymour Street, Suite 2900, Vancouver, BC, CAN, V6B 0S6
Website
https://www.blockmint.ai
Blockmint Technologies Inc develops distributed systems and networks that enable a more decentralized deployment of blockchain-based applications such as cryptocurrency mining. The company generates revenue from digital currency received for providing mining services to various digital currencies validating a blockchain.

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