iGen Networks (iGen Networks) Momentum Rank : 0 (As of May. 16, 2024)

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What is iGen Networks Momentum Rank?

iGen Networks 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.

iGen Networks Momentum Rank Related Terms

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iGen Networks (iGen Networks) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » iGen Networks Corp (OTCPK:IGEN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

31772 Casino Drive, Suite C, Lake Elsinore, CA, USA, 92530

Website

http://www.igen-networks.com

iGen Networks Corp is engaged in the development and marketing of software services for the automotive industry. It has one reportable segment being Vehicle Tracking and Recovery Solutions. The company works with wireless carriers, hardware suppliers and software developers to provide direct and secure access to information on the vehicle and the driver's behavior. The software services are delivered from the AWS Cloud to the consumer and their families over the wireless networks and accessed from any mobile or desktop device. The software services are marketed to automotive dealers, financial institutions, and direct-to-consumer through various commercial and consumer brands. The company's brands include Nimbo Tracking, CU Trak, and Medallion GPS PRO.

Executives

Neil Gene Chan	director, officer: CEO	1075 ST. DAVID STREET, VICTORIA A1 V8S 4Y7
Robert G Friedman	director, 10 percent owner	510 EAST 80 STREET, NEW YORK NY 10075
Sierra Abel Israel Sr	officer: VP/GM	28375 ROSTRATA AVE, LAKE ELSINORE CA 92532
Robert Nealon	director	119 NORTH HENRY STREET, ALEXANDRIA VA 22314
Richard Allan Freeman	director, officer: COO	361 WEST 20TH AVE, VANCOUVER A1 V5Y 2C5
Richard Gilbertson	director, officer: Chief Financial Officer	408 WEST PALM AIRE DRIVE, POMPANO BEACH FL 33069
Chris Shade	director	84283 - 5512 4TH STREET NW, CALGARY A0 T2K 1A9
Monty Ormsby	director, officer: President	5605 INDIGO BAY WAY, LAS VEGAS NV 89131
Michael Grudman	director, officer: CFO	104 - 838 W16TH AVE, VANCOUVER A1 V5Z 1T1