Medical Cannabis Payment Solutions (Medical Cannabis Payment Solutions) Momentum Rank : 0 (As of May. 23, 2024)

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What is Medical Cannabis Payment Solutions Momentum Rank?

Medical Cannabis Payment Solutions 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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Medical Cannabis Payment Solutions (Medical Cannabis Payment Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medical Cannabis Payment Solutions Inc (OTCPK:REFG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

5940 S. Rainbow Blvd., Las Vegas, NV, USA, 89118

Website

https://www.paywithgo.com

Medical Cannabis Payment Solutions Inc is a United States-based company. Along with its subsidiaries, the firm is engaged in the development of ancillary services for the medical marijuana industry. The company offers a software product named Go that is a proprietary merchant processing system designed to serve the monetary demands of the state-legalized cannabis market and offers electronic payment, eCommerce features, solves cash handling issues and gives immediate access to funds.