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Strategem Capital (TSXV:SGE) Momentum Rank : 0 (As of Jun. 18, 2024)


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What is Strategem Capital Momentum Rank?

Strategem 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.

Strategem Capital Momentum Rank Related Terms

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Strategem Capital (TSXV:SGE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Strategem Capital Corp (TSXV:SGE) » Definitions » Momentum Rank
Comparable Companies
TSX:ENI.UN TSXV:TIE XCNQ:IC TSX:ESP XCNQ:BHCC XCNQ:QCA TSXV:CEP TSX:PDV TSX:AAB TSXV:LITT BLK KKR BX OSTO:INVE A TSX:BN APO BK AMP OSTO:EQT LSE:III
Traded in Other Exchanges
N/A
Address
210 - 240 11 Avenue SW, Calgary, BC, CAN, T2R 0C3
Website
https://www.strategemcapital.com
Strategem Capital Corp invests in resource exploration and development opportunities, mining, energy production and agricultural protein products. Its investments are focused on high growth opportunities in private or public companies and its objective is to own and manage operating businesses. The company derives revenue in the form of interest, dividends, and gains on the sale of investments.
Executives
Arthur Murray Smolensky 10% Security Holder

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