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CTAQU (Carney Technology Acquisition II) Momentum Rank : 0 (As of Dec. 14, 2024)


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What is Carney Technology Acquisition II Momentum Rank?

Carney Technology Acquisition II 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.

Carney Technology Acquisition II Momentum Rank Related Terms

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Carney Technology Acquisition II Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Carney Technology Acquisition Corp II (NAS:CTAQU) » Definitions » Momentum Rank
Comparable Companies
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Traded in Other Exchanges
N/A
Address
630 Ramona Street, Palo Alto, CA, USA, 94301
Website
Carney Technology Acquisition Corp II is a blank check company.
Executives
Lloyd Carney officer: Chief Acquisition Officer C/O MICROMUSE INC, 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Steven C. Fletcher 10 percent owner C/O LEE ENTERPRISES, INCORPORATED, 4600 EAST 53RD STREET, DAVENPORT IA 52807
David Earle Roberson director, officer: CEO, CFO & COB
Carol Goode director SAIC, 12010 SUNSET HILLS RD, RESTON VA 20190
Explorer Parent Llc 10 percent owner 533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012
Founder Holdings Llc 10 percent owner 533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012
Alex Serge Vieux 10 percent owner C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749
Robert S Ferrell director 5924 CRANBROOK WAY, STE 101, NAPLES FL 34112
Ellen Odonnell director 139 TOWNSEND STREET, SAN FRANCISCO CA 94107
Gale E. England director, officer: President and Director 130 HOLGER WAY, SAN JOSE CA 95134
Carney Technology Sponsor Ii Llc 10 percent owner 533 AIRPORT BLVD SUITE 400, BURLINGAME CA 94010