Perk Labs (Perk Labs) Momentum Rank : 0 (As of Jun. 19, 2024)

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What is Perk Labs Momentum Rank?

Perk Labs 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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Perk Labs (Perk Labs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Perk Labs Inc (OTCPK:PKLBF) » Definitions » Momentum Rank

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Traded in Other Exchanges

PKLB:Germany PERK:Canada

Address

555 Burrard Street, Suite 1755, Two Bentall Centre - Box 240, Vancouver, BC, CAN, V7X 1M9

Website

https://www.perklabs.io

Perk Labs Inc is engaged in operating an online ordering, payments and loyalty platform. The company mainly offers merchants three products: online ordering, digital dine-in and custom branded apps and distributes its products through a digital franchise business model. The Company launched its Glance Pay application in 2016 and officially launched Perk Hero on April 2020. Perk Hero is a digital loyalty management platform that enables merchants to provide their customers with digital rewards and a more engaging and convenient customer experience. The streams of revenue of the company are Licensing revenue, Transaction revenue, Product revenue Subscription revenue and Custom-branded app revenue.