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UTRX (Unitronix) Momentum Rank : 0 (As of Dec. 13, 2024)


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What is Unitronix Momentum Rank?

Unitronix 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.

Unitronix Momentum Rank Related Terms

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Unitronix Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Unitronix Corp (OTCPK:UTRX) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
525 Route 73 North, Suite 104, Marlton, NJ, USA, 08053
Website
https://www.unitronix.ai
Unitronix Corp is a cutting-edge blockchain technology company, dedicated to developing decentralized finance solutions that bridge the gap between traditional financial markets and the digital economy. The company is focusing on investments in crypto assets and ventures related to the cryptocurrency ecosystem.
Executives
William C Wimer officer: Chief Financial Officer C/O UNITRONIX CORP, 16 ORCHARD LN, TOPSFIELD MA 01983
Dale M Hendrick director, officer: President 111 RICHMOND STREET W STE 901, TORONTO ONTARIO, CANADA M5W 2G4 A6 0000