GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Drone Guarder Inc (OTCPK:DRNG) » Definitions » Momentum Rank

Drone Guarder (Drone Guarder) Momentum Rank : 0 (As of Jun. 04, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Drone Guarder Momentum Rank?

Drone Guarder 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.

Drone Guarder Momentum Rank Related Terms

Thank you for viewing the detailed overview of Drone Guarder's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Drone Guarder (Drone Guarder) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Drone Guarder Inc (OTCPK:DRNG) » Definitions » Momentum Rank
Comparable Companies
ASX:DTI BLPG BOM:531404 ROCO:8281 TSXV:GSI LSE:UVEL VII LSE:IGE HCGS ASX:SP3 LSE:NWT WAR:GWR BKK:PHOL ROCO:3434 LSE:IND ROCO:6419 ASX:DDT XPAR:ALAQU CSAX UUU
Traded in Other Exchanges
N/A
Address
370 Amapola Avenue, Suite 200A, Torrance, CA, USA, 90501
Website
https://www.dronegaurderinc.com
Drone Guarder Inc is a security and surveillance products provider. The company focused on commercializing a drone enhanced home security system as a turnkey solution. The solution is app-based and includes a drone, infrared camera, and Android mobile app component: once an alarm has been triggered, the DroneGuarder will immediately take off from a wireless charging pad. The camera within the drone will record a video for a few seconds, process it and then send an alert if a threat is found. Its primary revenue model consists of selling home security systems directly to the clients.