Tuscan Holdings II (Tuscan Holdings II) Momentum Rank : 0 (As of May. 25, 2024)

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What is Tuscan Holdings II Momentum Rank?

Tuscan Holdings 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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Tuscan Holdings II (Tuscan Holdings II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Tuscan Holdings Corp II (OTCPK:THCA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

135 E. 57th Street, 17th Floor, New York, NY, USA, 10022

Website

Tuscan Holdings Corp II is a blank check company.

Executives

Michael Auerbach	director	158 HESTER STREET, APT 7F, NEW YORK NY 10013
Stephen A Vogel	director, 10 percent owner, officer: Chief Executive Officer	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701
Richard O. Rieger	officer: Chief Financial Officer	C/O TUSCAN HOLDINGS CORP., 135 E. 57TH ST., 18TH FLOOR, NEW YORK NY 10022
David H Dickstein	director	C/O TUSCAN HOLDINGS CORP. II, 135 E 57TH ST 17TH FL, NEW YORK NY 10022