WeedHire International (WeedHire International) Momentum Rank : 0 (As of Jun. 19, 2024)

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What is WeedHire International Momentum Rank?

WeedHire International 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.

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WeedHire International (WeedHire International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » WeedHire International Inc (OTCPK:WDHR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

17-09 Zinc Place, Unit 1, Fair Lawn, NJ, USA, 07410

Website

http://www.weedhire.com

WeedHire International Inc provides green technology solutions to the information technology industry. It manages the equipment needs of government and commercial clients by buying, reselling or recycling in an environmentally and regulatory compliant manner, computers and other technology hardware. The company works with partners in all markets, including technology original equipment manufacturers, government, healthcare, education and commercial with environmentally friendly information technology asset recovery solutions. Geographically activities are performed through the United States.

Executives

Gail L. Babitt

director, officer: Chief Financial Officer

1360 DUNCAN LOOP N, APT. 104, DUNEDIN FL 34698

WeedHire International (WeedHire International) Headlines

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