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BLOK Technologies (BLOK Technologies) Momentum Rank : 0 (As of Jun. 22, 2024)


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What is BLOK Technologies Momentum Rank?

BLOK Technologies 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.

BLOK Technologies Momentum Rank Related Terms

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BLOK Technologies (BLOK Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BLOK Technologies Inc (OTCPK:BLPFF) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
221 West Esplanade, Suite 310, North Vancouver, BC, CAN, V7M 3J3
Website
http://www.bloktechinc.com
BLOK Technologies Inc operates as an investment company. The company invests in blockchain enabled and mobile application technology. It provides capital, technology, and management expertise to the companies it develops. The company's Greenstream subsidiary specializes in building secure and reliable blockchain platforms.