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ICEsoft Technologies Canada (XCNQ:ISFT) Momentum Rank : 0 (As of May. 26, 2024)


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What is ICEsoft Technologies Canada Momentum Rank?

ICEsoft Technologies Canada 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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ICEsoft Technologies Canada (XCNQ:ISFT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » ICEsoft Technologies Canada Corp (XCNQ:ISFT) » Definitions » Momentum Rank
Comparable Companies
XCNQ:TONY XCNQ:CK TSXV:ID NEOE:LIQD TSXV:PBX TSXV:ISD XCNQ:BLOX TSXV:BTV TSX:FDGE TSXV:NPA CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
N/A
Address
3553 31st St. NW, Suite 261, Calgary, AB, CAN, T2L 2K7
Website
https://www.icesoft.com
ICEsoft Technologies Canada Corp and its subsidiaries are commercial Java open-source technology companies and providers of mobile-rich Internet applications development solutions for desktop and mobile enterprises. The solutions offered by the company include Voyent Alert, ICEfaces, and ICEpdf.
Executives
Steven Mark Francis Director
Brian Clifford Mckinney 10% Security Holder, Director, Senior Officer

ICEsoft Technologies Canada (XCNQ:ISFT) Headlines

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