GURUFOCUS.COM » STOCK LIST » Technology » Software » UA Multimedia Inc (OTCPK:UAMM) » Definitions » Momentum Rank

UA Multimedia (UA Multimedia) Momentum Rank : 0 (As of Jun. 16, 2024)


View and export this data going back to . Start your Free Trial

What is UA Multimedia Momentum Rank?

UA Multimedia 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.


UA Multimedia Momentum Rank Related Terms

Thank you for viewing the detailed overview of UA Multimedia's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


UA Multimedia (UA Multimedia) Business Description

Traded in Other Exchanges
N/A
Address
7545 Irvine Center Drive, Suite 200, Irvine, CA, USA, 90401
UA Multimedia Inc is a technology company. It provides information and marketing services to companies in the medical marijuana industry. The company acts as a solution provider specializing in blockchain, digital assets, Web3, and artificial intelligence (AI). The Company also engages in mergers and acquisitions of strategic companies and assets in selected sectors. The products of the company include a decentralized crypto exchange, GogiSwap.com, a non-fungible token marketplace, GogiMarketplace.com, and GOGI utility token, GOGI.

UA Multimedia (UA Multimedia) Headlines