Hello Pal International (XCNQ:HP) Momentum Rank : 0 (As of May. 21, 2024)

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What is Hello Pal International Momentum Rank?

Hello Pal 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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Hello Pal International (XCNQ:HP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hello Pal International Inc (XCNQ:HP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HLLPF:USA

Address

200 - 550 Denman Street, Vancouver, BC, CAN, V6G 3H1

Website

https://www.hellopal.com

Hello Pal International Inc is a proprietary suite of mobile applications built on a user-friendly messaging interface that focuses on social interaction, language learning, and travel. It has been designed from the ground up to be easy to use and enables users the freedom to speak in their own language regardless of the other person's language they are speaking. The firm operates in two different reportable segments international live-streaming segment, which provides online live-streaming services. and Cryptocurrency mining segment, which provides cryptocurrency computing services to blockchain platforms, and the majority of its revenue comes from live streaming segments.