MJ Holdings (MJ Holdings) Momentum Rank : 0 (As of May. 22, 2024)

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What is MJ Holdings Momentum Rank?

MJ 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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MJ Holdings (MJ Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MJ Holdings Inc (OTCPK:MJNE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

5730 Sky Pointe Dr., Suite 102, Las Vegas, NV, USA, 89130

Website

https://www.mjholdingsinc.com

MJ Holdings Inc engages in the provision of consulting and operating services to the regulated cannabis industry. It provides a full spectrum of infrastructure, cultivation management, production management, distribution consulting, and operating services to cultivation and production operators.

Executives

Paris Balaouras	director, 10 percent owner, officer: Chief Cultivation Officer	212 DESERT VIEW, LAS VEGAS NV 89107
David C. Dear	director	101 COLUMNS CIRCLE, SHELBY NC 28150
Bernard Thomas Moyle	officer: Chief Financial Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Roger James Bloss	officer: Chief Executive Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Terrence Mcgill Tierney	officer: President	245 E 54TH STREET, #9S, NEW YORK NY 10022
Rsgroberg Consulting Llc	officer: President	1256 PANINI DRIVE, ATTN: RICHARD GROBERG, HENDERSON NV 89052