Carebook Technologies (TSXV:CRBK) Momentum Rank : 0 (As of Jan. 18, 2025)

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What is Carebook Technologies Momentum Rank?

Carebook Technologies 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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Carebook Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Carebook Technologies Inc (TSXV:CRBK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CRBKF:USA

Address

2045 Stanley Street, Suite 1400, Montreal, QC, CAN, H3A 2V4

Website

https://www.carebook.com

Carebook Technologies Inc is engaged in the development and commercialization of a complete end-to-end digital health platform that features assessment, reporting, and targeted solutions offered through an array of selected partners and resellers, and its primary customers are large employers across a variety of industries and pharmacies. Its products include Corehealth, Pharmacy and Wellness Checkpoint.

Executives

L.p. Medtech Investments	10% Security Holder
Uil Limited	10% Security Holder
Joshua Andrew Blair	Director
Anne-marie Boucher	Director
Stuart Mitchell Elman	Director

Carebook Technologies Headlines

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