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SinglePoint (SinglePoint) Momentum Rank : 0 (As of Jun. 05, 2024)


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What is SinglePoint Momentum Rank?

SinglePoint 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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SinglePoint (SinglePoint) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
3104 East Camelback Road, Suite 2137, Phoenix, AZ, USA, 85016
SinglePoint Inc is a renewable and sustainable solution company focused on solar power and indoor air purification. It is committed to building the largest vertically integrated network for the marketing and installation of solar panels in the residential and commercial markets. The company's subsidiary, BOX Pure Air, is engaged in the Indoor Air Quality sector addressing the need for air purification in schools and offices. SinglePoint is exploring future acquisition and growth opportunities in energy storage, electric vehicle charging, solar as a subscription service and additional energy-efficient appliances that enhance sustainability.

SinglePoint (SinglePoint) Headlines

From GuruFocus

SinglePoint Inc CEO Wil Ralston Acquires 100,000 Shares

By GuruFocus Research 12-23-2023