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QCAAF (Quinsam Capital) Momentum Rank : 0 (As of Dec. 13, 2024)


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What is Quinsam Capital Momentum Rank?

Quinsam Capital 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.

Quinsam Capital Momentum Rank Related Terms

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Quinsam Capital Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Quinsam Capital Corp (OTCPK:QCAAF) » Definitions » Momentum Rank
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Traded in Other Exchanges
QCA:Canada
Address
77 King Street West, Suite 2905, P.O. Box 121, Toronto Dominion Centre, Toronto, ON, CAN, M5K 1H1
Website
https://www.quinsamcapital.com
Quinsam Capital Corp is an investment and merchant banking firm focused on the technology, healthcare, mining and exploration, e-sports, and cannabis markets. It is focused on the small-cap market, with early-stage investments in as resources and technology sectors. The company's merchant banking business encompasses a range of activities including acquisitions, advisory services, lending activities, and portfolio investments.

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