IX Acquisition (IX Acquisition) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is IX Acquisition Momentum Rank?

IX Acquisition 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.

IX Acquisition Momentum Rank Related Terms

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IX Acquisition (IX Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » IX Acquisition Corp (NAS:IXAQ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Salamanca Street, Arch 124, London, GBR, SE1 7HX

Website

https://www.ixacq.com

IX Acquisition Corp is a blank check company.

Executives

Henry Choi	director	53 DAVIES STREET, LONDON X0 W1K 5JH
Guy Willner	director, officer: Executive Chairman	301 VELOCITY WAY, 5TH FLOOR, FOSTER CITY CA 94404
Noah Aptekar	director, officer: CFO, Chief Operations Officer	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Ix Acquisition Sponsor, Llc	10 percent owner	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Karen Bach	director, officer: Chief Executive Officer	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Victoria Reid	officer: Vice President	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Eduardo Marini	director	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Andrew Bartley	director	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Ian Spence	director	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711
Shannon Grewer	director	C/O PUGLISI & ASSOCIATES, 850 LIBRARY AVE, SUITE 204, NEWARK DE 19711