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Standard Mercantile Acquisition (TSX:SMA) Momentum Rank : 0 (As of May. 01, 2024)


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What is Standard Mercantile Acquisition Momentum Rank?

Standard Mercantile Acquisition 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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Standard Mercantile Acquisition (TSX:SMA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Standard Mercantile Acquisition Corp (TSX:SMA) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
181 Bay Street, Suite 1800, Toronto, ON, CAN, M5J 2T9
Website
https://www.standardmercantileacquisition.com
Standard Mercantile Acquisition Corp is focused on monetizing its remaining mortgage assets and is seeking a target acquisition to enable its shareholders to participate in the potential future value of the company's public listing through a merger transaction with a private operating business.

Standard Mercantile Acquisition (TSX:SMA) Headlines

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