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Evolution Technology Resources (Evolution Technology Resources) Momentum Rank : 0 (As of Jun. 16, 2024)


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What is Evolution Technology Resources Momentum Rank?

Evolution Technology Resources 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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Evolution Technology Resources (Evolution Technology Resources) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Evolution Technology Resources Inc (OTCPK:ETKR) » Definitions » Momentum Rank
Comparable Companies
WODI BOM:538575 WAR:ICP WAR:ACA XCNQ:AYL BMMCF WAR:CWA XBRU:ALEVA ITRK WAR:BTG WAR:TXN WAR:NFP WAR:MMC WAR:MBF TSXV:BYM.H BOM:539403 BOM:530177 WAR:LGT BOM:540945 WAR:LPS
Traded in Other Exchanges
N/A
Address
670 Highway 7 E, Unit 49, Richmond Hill, ON, CAN, L4B 3P2
Website
https://www.evotechonline.com
Evolution Technology Resources Inc is a business development company focused on acquiring intellectual property and assets of the Cloud Computing, Media and Technology, Online Casinos and Social Gaming Sectors.

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