Canso Select Opportunities (TSXV:CSOC.A) Momentum Rank : 9 (As of Apr. 24, 2024)

View and export this data going back to 2018. Start your Free Trial

What is Canso Select Opportunities Momentum Rank?

Canso Select Opportunities has the Momentum Rank of 9.

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.

Competitive Comparison of Canso Select Opportunities's Momentum Rank

For the Asset Management subindustry, Canso Select Opportunities's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canso Select Opportunities's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canso Select Opportunities's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Canso Select Opportunities's Momentum Rank falls into.

Canso Select Opportunities Momentum Rank Related Terms

Thank you for viewing the detailed overview of Canso Select Opportunities's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Canso Select Opportunities (TSXV:CSOC.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canso Select Opportunities Corp (TSXV:CSOC.A) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CSOC.B:Canada

Address

100 York Boulevard, Suite 550, Richmond Hill, ON, CAN, L4B 1J8

Website

https://www.selectopportunitiescorporation.com

Canso Select Opportunities Corp is an Ontario-based investment corporation. Its investment objective is to provide capital gains and dividend income to its shareholders. The corporation evaluates potential investments in debt, public and private equity, and other securities. The deployment of funds to new investments depends on both the attractiveness of new investment opportunities and the availability of capital as generated from the realization of value from existing portfolio investments.

Canso Select Opportunities (TSXV:CSOC.A) Headlines

No Headlines