ScION Tech Growth II (ScION Tech Growth II) Momentum Rank : 0 (As of May. 26, 2024)

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What is ScION Tech Growth II Momentum Rank?

ScION Tech Growth II 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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ScION Tech Growth II (ScION Tech Growth II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ScION Tech Growth II (NAS:SCOB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Queen Street Place, 2nd Floor, London, GBR, EC4R 1BE

Website

ScION Tech Growth II is a blank check company.

Executives

Kunal Gullapalli	officer: Chief Financial Officer	66 CROSBY ST 5E, NEW YORK NY 10012
Andrea Pignataro	director, 10 percent owner, officer: Executive Chairman	MINERVA HOUSE 4TH FLOOR DUBLIN 4, SIMMONSCOURT ROAD, DUBLIN K6 D04H9P8
Kenneth T Schiciano	director	125 HIGH ST STE 2500, BOSTON MA 02110
Sheila Hooda	director	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Edward Alexander Triplett	officer: Chief Financial Officer	10 QUEEN ST PLACE 2ND FLOOR, LONDON X0 EC4R1BE
Mathew Judd Cestar	director, officer: Chief Executive Officer	10 QUEEN ST PLACE 2ND FLOOR, LONDON X0 EC4R1BE
John Louis Woyton	director	PARK CORNER HOUSE, BASINGSTOKE ROAD, HECKFIELD, LONDON X0 RG270LJ
Scion 2 Sponsor Llc	director, 10 percent owner	10 QUEEN ST PLACE 2ND FLOOR, LONDON X0 EC4R1BE

ScION Tech Growth II (ScION Tech Growth II) Headlines

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