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PORT (Southport Acquisition) Momentum Rank : 5 (As of Apr. 24, 2025)


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What is Southport Acquisition Momentum Rank?

Southport Acquisition has the Momentum Rank of 5.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Southport Acquisition's Momentum Rank

For the Shell Companies subindustry, Southport Acquisition's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southport Acquisition's Momentum Rank Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Southport Acquisition's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Southport Acquisition's Momentum Rank falls into.


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Southport Acquisition Momentum Rank Related Terms

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Southport Acquisition Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Southport Acquisition Corp (OTCPK:PORT) » Definitions » Momentum Rank
Comparable Companies
RIBB AFJK IRRX FNVTF HAIAF ASCBF IRAA EGRVF GBBK RCFAF AACT ANSC AAM GATE EQV NETD CCIX KFII CCIR GPAT
Traded in Other Exchanges
N/A
Address
1745 Grand Avenue, Del Mar, CA, USA, 92014
Website
Southport Acquisition Corp is a blank check company.
Executives
Jennifer Nuckles director 234 1ST ST, SAN FRANCISCO CA 94105
Matthew Royce Hansen director C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Sigmund Anderman director ELLIE MAE, INC., 4420 ROSEWOOD DRIVE, SUITE 500, PLEASANTON CA 94588
Jeb S. Spencer director, 10 percent owner, officer: Chief Executive Officer C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Gates Cathleen Schreiner director C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Jared Walker Stone director, 10 percent owner C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
Southport Acquisition Sponsor Llc 10 percent owner C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014
David Mark Winfield director C/O SOUTHPORT ACQUISITION CORPORATION, 1745 GRAND AVENUE, DEL MAR CA 92014