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Toxotis Investments Public (CYS:COV) Momentum Rank : 0 (As of May. 27, 2024)


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What is Toxotis Investments Public Momentum Rank?

Toxotis Investments Public 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.

Toxotis Investments Public Momentum Rank Related Terms

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Toxotis Investments Public (CYS:COV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Toxotis Investments Public Ltd (CYS:COV) » Definitions » Momentum Rank
Comparable Companies
HAM:KMLK BOM:531568 TSXV:XBT.P BOM:531515 BOM:532164 BOM:530469 WAR:WIS WAR:VCP TSXV:DDD.P TSXV:JHC.H BOM:531067 BOM:538351 TSXV:SCH.P TSXV:BROC.P TSXV:RBZ.P TSXV:EH.P TSXV:MGX.P TSXV:NIS.P TSXV:BAQ.P BOM:511169
Traded in Other Exchanges
N/A
Address
40, Themistokli Dervi Avenue, 3rd Floor, Office 301, Nicosia, CYP, 1066
Website
https://www.toxotisinvestments.com
Toxotis is engaged in the investment business. The company invests in securities of companies listed on the Cyprus Stock Exchange.

Toxotis Investments Public (CYS:COV) Headlines

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