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Propel Holdings (FRA:8KO) Momentum Rank : 0 (As of Dec. 13, 2024)


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What is Propel Holdings Momentum Rank?

Propel Holdings 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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Propel Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Propel Holdings Inc (FRA:8KO) » Definitions » Momentum Rank
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Traded in Other Exchanges
PRLPF:USA PRL:Canada
Address
69 Yonge Street, Suite 1500, Toronto, ON, CAN, M5E 1K3
Website
https://www.propelholdings.com
Propel Holdings Inc is a financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit through its proprietary, online lending platform. All the firm's operations are conducted through its consumer-facing brands: MoneyKey, CreditFresh, and Fora Credit.

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