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HYHDF (Sixty Six Capital) Momentum Rank : 0 (As of Jan. 19, 2025)


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What is Sixty Six Capital Momentum Rank?

Sixty Six Capital 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.

Sixty Six Capital Momentum Rank Related Terms

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Sixty Six Capital Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Sixty Six Capital Inc (OTCPK:HYHDF) » Definitions » Momentum Rank
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TSXV:BLOK.H TSXV:CSTR XCNQ:CODE XCNQ:ARM TSXV:MNC TSXV:BKMT NEOE:HOLD TSXV:SATO XCNQ:GBC XCNQ:LUXX MS GS SCHW SHSE:600030 ASX:MQG HOOD TW LPLA SHSE:601066 BSP:BPAC3
Traded in Other Exchanges
5CR:Germany SIX:Canada
Address
217 Queen Street West, Suite 401, Vancouver, BC, CAN, W1T 1DS
Website
https://www.sixtysixcapital.com
Sixty Six Capital Inc is a cryptocurrency-focused investment firm. Further investments in disruptive technology such as Crypto Tokens and Crypto Finance remain an option for the business. The company has two reporting segments, the provision of data center services and digital currency transaction verification.

Sixty Six Capital Headlines

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