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Seven Oaks Capital (TSXV:SEVN.P) Momentum Rank : 0 (As of May. 26, 2024)


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What is Seven Oaks Capital Momentum Rank?

Seven Oaks 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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Seven Oaks Capital (TSXV:SEVN.P) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Seven Oaks Capital Corp (TSXV:SEVN.P) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
8 King Street East, Suite 1712, Toronto, ON, CAN, M5C 1B5
Website
https://www.sevenoakscapitalcorp.com
Seven Oaks Capital Corp is a capital pool company. The principal business of the Corporation is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction (QT).

Seven Oaks Capital (TSXV:SEVN.P) Headlines

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