Cleartronic (Cleartronic) Momentum Rank : 0 (As of Apr. 29, 2024)

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What is Cleartronic Momentum Rank?

Cleartronic 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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Cleartronic (Cleartronic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cleartronic Inc (OTCPK:CLRI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

28050 S Highway 19 N, Ste 310, Clearwater, FL, USA, 33761

Website

https://www.cleartronic.com

Cleartronic Inc is engaged in the provision of Internet protocol unified group communication solutions. It designs, builds, and installs unified group communication solutions, including hardware and customized software for public and private enterprises and markets. The company has a wholly-owned subsidiary- ReadyOp Communications, Inc. All of the operations of the company are conducted through its subsidiary only. The company generates revenue through the Licensing of ReadyOp Software, and Hardware Sales and Consulting.

Executives

Larry M Reid

director, 10 percent owner, officer: President

8000 NORTH FEDERAL HIGHWAY, SUITE #100, BOCA RATON FL 33487

Cleartronic (Cleartronic) Headlines

From GuruFocus

Cleartronic, Inc. Reports 2022 Year-End Financial Results

By ACCESSWIRE ACCESSWIRE • 01-10-2023

Cleartronic, Inc. Announces Second Quarter 2023 Financial Results

By ACCESSWIRE ACCESSWIRE • 05-31-2023

Cleartronic's Board Approves Stock Repurchase Program

By ACCESSWIRE ACCESSWIRE • 01-12-2023