EarthLabs (TSXV:SPOT) Momentum Rank : 5 (As of Dec. 12, 2024)

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What is EarthLabs Momentum Rank?

EarthLabs has the Momentum Rank of 5.

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.

Competitive Comparison of EarthLabs's Momentum Rank

For the Information Technology Services subindustry, EarthLabs's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

EarthLabs's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, EarthLabs's Momentum Rank distribution charts can be found below:

* The bar in red indicates where EarthLabs's Momentum Rank falls into.

EarthLabs Momentum Rank Related Terms

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EarthLabs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » EarthLabs Inc (TSXV:SPOT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SPOFF:USA 8EK0:Germany

Address

69 Yonge Street, Suite 1010, Toronto, ON, CAN, M5E 1K3

Website

https://earthlabs.com

EarthLabs Inc is a mining investment and technology company. It offers a full suite of data and knowledge-driven SaaS tools and services. EarthLabs works with industry customers across all commodity and deposit types to identify new exploration targets, develop cutting-edge technologies, and strategically invest in mineral exploration companies. It operates in two reportable segments Exploration Technology Division which houses the Company's exploration SaaS and consulting services and field services divisions, and Financial Technology Division which houses the Company's financial technology (CEO.CA and DigiGeoData) and growing investment portfolio.

Executives

2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Denis Roland Laviolette	Director, Senior Officer
Cejay Kim	Senior Officer
Vincent Dubé-bourgeois	Director