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IC Capitalight (XCNQ:IC) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is IC Capitalight Momentum Rank?

IC Capitalight 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.

IC Capitalight Momentum Rank Related Terms

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IC Capitalight (XCNQ:IC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IC Capitalight Corp (XCNQ:IC) » Definitions » Momentum Rank
Comparable Companies
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Traded in Other Exchanges
N/A
Address
7934 Government Road, Burnaby, BC, CAN, V5A 2E2
Website
https://www.capitalight.co
IC Capitalight Corp is a Canada-based merchant bank engaged in the business of pursuing value-based investment opportunities. It is focused on providing shareholders with long-term capital growth by investing in a portfolio of undervalued companies, assets, or investment vehicles within the mineral resource and other sectors.
Executives
Brian Gerald Bosse Director, Senior Officer

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