Lynx Global Digital Finance (XCNQ:LYNX) Momentum Rank : 0 (As of May. 20, 2024)

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What is Lynx Global Digital Finance Momentum Rank?

Lynx Global Digital Finance 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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Lynx Global Digital Finance (XCNQ:LYNX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Lynx Global Digital Finance Corp (XCNQ:LYNX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

413 - 375 Water Street, Vancouver, BC, CAN, V6E 3T5

Website

http://www.cannaonetechnologies.com

Lynx Global Digital Finance Corp, formerly CannaOne Technologies Inc is engaged in the business of developing and marketing a software technology platform for use by the cannabis industry. It offers a flagship product, known as BloomKit which is a comprehensive web-based software-as-a-service (SaaS) for the cannabis vendors and producers designed as integrated business management, marketing, and sales tools. BloomKit incorporates themed online storefronts, automated customer acquisition tools, and production, inventory, shipping, logistics, payment, marketing, and website management features, among others.

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