GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Green Ballast Inc (GREY:GBLL) » Definitions » Momentum Rank

Green Ballast (Green Ballast) Momentum Rank : 0 (As of Jun. 04, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Green Ballast Momentum Rank?

Green Ballast 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.


Green Ballast Momentum Rank Related Terms

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


Green Ballast (Green Ballast) Business Description

Traded in Other Exchanges
N/A
Address
2620 Thousand Oaks Boulevard, Suite 4000, Memphis, TN, USA, 38118
Green Ballast Inc develops, markets and distributes energy-efficient electronic ballasts for fluorescent fixtures in the lighting industry. The company's electronic ballast is used with a fluorescent bulb to regulate the amount of electric current delivered to start and operate the bulb. It offers energy-efficient electronic ballasts as an alternative to traditional ballasts and existing daylight harvesting ballasts. Its product daylight harvesting ballasts can be applied to two-lamp, three-lamp, or four-lamp light fixtures.

Green Ballast (Green Ballast) Headlines

No Headlines