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Lions Bay Capital (TSXV:LBI) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is Lions Bay Capital Momentum Rank?

Lions Bay Capital 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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Lions Bay Capital (TSXV:LBI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Lions Bay Capital Inc (TSXV:LBI) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3
Website
https://www.lionsbaycapital.com
Lions Bay Capital Inc is an investment holding company. It is a mining finance and investment company that identifies and realizes the potential of early stage resource opportunities. The fundamental objective of LBI management is to generate profits and be a vehicle through which major investment institutions use to identify opportunities.
Executives
John Joseph Byrne 10% Security Holder, Director, Senior Officer

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