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Galexxy Holdings (Galexxy Holdings) Momentum Rank : 0 (As of Jun. 01, 2024)


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What is Galexxy Holdings Momentum Rank?

Galexxy Holdings 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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Galexxy Holdings (Galexxy Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Galexxy Holdings Inc (OTCPK:GXXY) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
4630 Campus Drive, Suite 104, Newport Beach, CA, USA, 92660
Website
https://www.galexxy.com
Galexxy Holdings Inc is a CBD manufacturing and online marketing company specializing in the development of high-quality CBD and Functional Mushroom products business marketing to wholesale distributors and directly to the consumer online and through strategically placed smart vending kiosks. it offers cannabinoids through a product range comprising tinctures, gummies, capsules, CBD OIL, CBD GEL CAPS, CBD TOPICALS, and CBD FRO PETS.