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FTAC Parnassus Acquisition (FTAC Parnassus Acquisition) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is FTAC Parnassus Acquisition Momentum Rank?

FTAC Parnassus 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.

FTAC Parnassus Acquisition Momentum Rank Related Terms

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FTAC Parnassus Acquisition (FTAC Parnassus Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » FTAC Parnassus Acquisition Corp (NAS:FTPAU) » Definitions » Momentum Rank
Comparable Companies
EMLD FTCV CNDA FTVI PICC BACA GTPA DISA FTEV BLEU GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
2929 Arch Street, Suite 1703, Philadelphia, PA, USA, 19104
Website
FTAC Parnassus Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Daniel G Cohen director, 10 percent owner 712 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10019
Pooler Joseph W. Jr. officer: CFO & Secretary 2929 ARCH STREET, 17TH FLOOR, PHILADELPHIA PA 19104-2870
Lesley Goldwasser director 312 W. 102ND ST., NEW YORK NY 10025
Ellen Warren director 311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Walter C Jones director 311 ROUSER ROAD, MOON TOWNSHIP PA 15108
Jan Hopkins Trachtman director 101 JOHN F. KENNEDY PARKWAY, SHORT HILLS NJ 07078-2705
Ryan Mark Gilbert 10 percent owner, officer: President and CEO 2201 BROADWAY STE 705, OAKLAND CA 94612
Ftac Parnassus Advisors, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104
Ftac Parnassus Sponsor, Llc 10 percent owner 2929 ARCH STREET STE 1703, PHILADELPHIA PA 19104