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Pine Island Acquisition (Pine Island Acquisition) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Pine Island Acquisition Momentum Rank?

Pine Island 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.

Pine Island Acquisition Momentum Rank Related Terms

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Pine Island Acquisition (Pine Island Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pine Island Acquisition Corp (NYSE:PIPP) » Definitions » Momentum Rank
Comparable Companies
SKYA GLHA CNGL EQHA XPAX VCXA TWOA ROC HAIA FZT GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
2455 E. Sunrise Boulevard, Suite 1205, Fort Lauderdale, FL, USA, 33304
Website
https://www.pineislandac.com
Pine Island Acquisition Corp is a blank check company.
Executives
Michael E Roemer director AMERICAN INTERNATIONAL GROUP, INC., 70 PINE STREET, NEW YORK NY 10270
John A Thain director, officer: Chairman of the Board C/O CIT GROUP, 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Bridge Charles G Jr officer: CFO and Secretary 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304
Capricia P Marshall director 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304
Philip A Cooper director, officer: CEO and President 2455 E. SUNRISE BLVD, SUITE 1205, FORT LAUDERDALE FL 33304
Pine Island Sponsor Llc 10 percent owner 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304
Stuart W Holliday director 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304