Denali Capital Acquisition (Denali Capital Acquisition) Momentum Rank : 0 (As of May. 26, 2024)

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What is Denali Capital Acquisition Momentum Rank?

Denali Capital Acquisition 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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Denali Capital Acquisition (Denali Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Denali Capital Acquisition Corp (NAS:DECA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

437 Madison Avenue, 27th Floor, New York, NY, USA, 10022

Website

Denali Capital Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.

Executives

Huifeng Chang	director	10 EASTERN DRIVE, PRINCENTON JUNCTION NJ 08550
Kevin Vassily	director	C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Lei Huang	director, officer: Chief Executive Officer	3 STONER AVE, GREAT NECK NY 10021
Jim Mao	director	C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022
You Sun	officer: Chief Financial Officer	C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Jiandong Xu	10 percent owner	C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022
Denali Capital Global Investments Llc	10 percent owner	C/O DENALI CAPITAL ACQUISITION CORP., 437 MADISON AVENUE, 27TH FLOOR, NEW YORK NY 10022