SKGR (SK Growth Opportunities) Momentum Rank : 0 (As of Dec. 14, 2024)

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What is SK Growth Opportunities Momentum Rank?

SK Growth Opportunities 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.

SK Growth Opportunities Momentum Rank Related Terms

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SK Growth Opportunities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SK Growth Opportunities Corp (NAS:SKGR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

228 Park Avenue S, Suite 96693, New York, NY, USA, 10003

Website

https://skgrowthopportunities.com

SK Growth Opportunities Corp is a blank check company. The company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Executives

Michael Noonen	director	C/O 8X8 INC, 2445 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
John A. Boehner	director	401 N. MAIN STREET, WINSTON-SALEM NC 27101
Martin J. Payne	director	7809 WOODMONT AVENUE, SUITE 200, BETHESDA MD 20814
Richard H. Chin	director, officer: Chief Executive Officer	C/O SK GROWTH, 3979 FREEDOM CIRCLE, SUITE 540, SANTA CLARA CA 95054
Auxo Capital Managers Llc	10 percent owner	3979 FREEDOM CIRCLE, SUITE 540, SANTA CLARA CA 95054
Derek Edward Jensen	director, officer: Chief Financial Officer	3979 FREEDOM CIRCLE, SUITE 450, SANTA CLARA CA 95054