Mobi724 Global Solutions (Mobi724 Global Solutions) Momentum Rank : 0 (As of Apr. 28, 2024)

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What is Mobi724 Global Solutions Momentum Rank?

Mobi724 Global Solutions 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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Mobi724 Global Solutions (Mobi724 Global Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mobi724 Global Solutions Inc (OTCPK:MOBIF) » Definitions » Momentum Rank

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Traded in Other Exchanges

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Address

257 Rue Sherbrooke Est, Suite 400, Montreal, QC, CAN, H2X 1E3

Website

https://www.mobi724.com

Mobi724 Global Solutions Inc is a fintech company which provides a platform, that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format. The company's objective is to add a layer of AI-driven actionable intelligence to every payment transaction, creating engaging consumer experiences and generating incremental commercial opportunities to its clients.