Boanerges (NEXX:BNRG) Momentum Rank : 0 (As of Sep. 21, 2024)

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What is Boanerges Momentum Rank?

Boanerges 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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Boanerges Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Boanerges Ltd (NEXX:BNRG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/O CCS Trustees Limited, Mandar House, 3rd Floor, Johnson’s Ghut, Tortola, VGB

Website

https://www.boanergesltd.com

Boanerges Ltd operates as a SPAC to identify investment opportunities and acquisitions in small and medium sized enterprises within the technology sector. The company's focus will be searching for companies which are based in the UK or Europe where there may be a number of opportunities to acquire interests in undervalued or pre-commercialisation technologies, or current commercialisation technologies, which when applied, produce cost saving or revenue enhancement for customers.