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Pono Capital Two (Pono Capital Two) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Pono Capital Two Momentum Rank?

Pono Capital Two 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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Pono Capital Two (Pono Capital Two) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pono Capital Two Inc (NAS:PTWOU) » Definitions » Momentum Rank
Comparable Companies
BNIX CCTS ASCA OHAA SHUA HHGC MBTC DUNE SMAP SEPA PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
PTWO:USA
Address
643 Ilalo Street, Suite 102, Honolulu, HI, USA, 96813
Website
Pono Capital Two Inc is a blank check company.