Balance Labs (Balance Labs) Momentum Rank : 5 (As of May. 27, 2024)

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What is Balance Labs Momentum Rank?

Balance Labs has the Momentum Rank of 5.

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.

Competitive Comparison of Balance Labs's Momentum Rank

For the Consulting Services subindustry, Balance Labs's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Balance Labs's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Balance Labs's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Balance Labs's Momentum Rank falls into.

Balance Labs Momentum Rank Related Terms

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Balance Labs (Balance Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Balance Labs Inc (OTCPK:BLNC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

407 Lincoln Road, Suite 701, Miami Beach, FL, USA, 33139

Website

https://www.balancelabs.co

Balance Labs Inc is a United States-based company that is engaged in providing business development and consulting services to start-up and development-stage businesses. It offers services to help businesses in various industries with customized consulting services to meet business needs and aid in improving its business models, sales, marketing plans, and internal operations, as well as it also introduces the businesses to experienced professional contacts for the success of these businesses. It leverages its knowledge in developing businesses with entrepreneurs and startup company management whereby it creates a customized plan to overcome obstacles so it can focus on marketing products and services to potential customers.

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