Targeted Microwave Solutions (TSXV:TMS.H) Momentum Rank : 0 (As of May. 22, 2024)

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What is Targeted Microwave Solutions Momentum Rank?

Targeted Microwave Solutions 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.

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Targeted Microwave Solutions (TSXV:TMS.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Targeted Microwave Solutions Inc (TSXV:TMS.H) » Definitions » Momentum Rank

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Traded in Other Exchanges

TGTMF:USA

Address

1066 West Hastings Street, Suite 2300, Vancouver, BC, CAN, V6E 3X2

Website

http://www.tmsenergy.com

Targeted Microwave Solutions Inc is a Canada-based industrial clean technology company. Principally, it is engaged in the business of developing microwave-based application technologies to dry, decontaminate, physically upgrade and eliminate or reduce environment harming emissions. The company's technology is used for industrial aggregates, energy-producing biomass, low-rank coals and other materials for application by power utilities and industrial companies.

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