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Lumine Group (TSXV:LMN) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Lumine Group Momentum Rank?

Lumine Group 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.

Lumine Group Momentum Rank Related Terms

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Lumine Group (TSXV:LMN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Lumine Group Inc (TSXV:LMN) » Definitions » Momentum Rank
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Traded in Other Exchanges
LMGIF:USA
Address
5060 Spectrum Way, Suite 100, Mississauga, ON, CAN, L4W 5N5
Website
https://www.luminegroup.com
Lumine Group Inc acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. The company's software solutions are designed to enable customers to boost productivity and operate more cost effectively, innovate more rapidly to address rapidly changing market needs and opportunities, grow top-line sales, improve customer service, and reduce customer churn.

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