GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Smart Ventures Inc (GREY:SMVR) » Definitions » Momentum Rank

Smart Ventures (Smart Ventures) Momentum Rank : 0 (As of May. 22, 2024)


View and export this data going back to 2008. Start your Free Trial

What is Smart Ventures Momentum Rank?

Smart Ventures 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.


Smart Ventures Momentum Rank Related Terms

Thank you for viewing the detailed overview of Smart Ventures's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Smart Ventures (Smart Ventures) Business Description

Traded in Other Exchanges
N/A
Address
1907 Woerner Road, Houston, TX, USA, 77090
Smart Ventures Inc is a diversified holding company. The company through its subsidiary is engaged in providing oil & gas drilling services, engineering (EPC), mineral mining, and also engaged in supplying of specialty chemicals.

Smart Ventures (Smart Ventures) Headlines

No Headlines