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Comtex News Network (Comtex News Network) Momentum Rank : 0 (As of May. 11, 2024)


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What is Comtex News Network Momentum Rank?

Comtex News Network 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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Comtex News Network (Comtex News Network) Business Description

Traded in Other Exchanges
N/A
Address
295 Madison Avenue, 12th Floor, New York, NY, USA, 10017
Comtex News Network Inc is a provider of economically useful electronic real-time news, content and SmarTrend(r) market products. It receives, enhances, combines and filters news and content received from national and international news bureaus, agencies and publications, and distributes more than one million total stories per day.
Executives
Chip Brian officer: President and COO 625 N WASHINGTON STREET STE 301 ALEXANDRIA VA 22314
Tepco Corp 10 percent owner 25 CHURCH STREET THE CONTINENTAL BUILDING HAMILTON D0 HM 12
C W Gilluly director, officer: Interim C.E.O. 625 N. WASHINGTON ST. STE 301 ALEXANDRIA VA 22314

Comtex News Network (Comtex News Network) Headlines

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