Validian (Validian) Momentum Rank : 0 (As of May. 25, 2024)

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What is Validian Momentum Rank?

Validian 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.

Validian Momentum Rank Related Terms

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Validian (Validian) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Validian Corp (OTCPK:VLDI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Gurdwara Road, Suite 205, Ottawa, ON, CAN, K2E 8A3

Website

http://www.validian.com

Validian Corp is a U. S based company engaged in providing software products to assist public and private enterprises in addressing the issues surrounding the protection of digital information and application security. The company's product include ValidianProtect which can be integrated to handle and protect the storage, access, transfer, receipt, and usage of data.

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