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Braille Energy Systems (TSXV:BES) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Braille Energy Systems Momentum Rank?

Braille Energy Systems 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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Braille Energy Systems (TSXV:BES) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Braille Energy Systems Inc (TSXV:BES) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
945 Princess Street, Box 117, Kingston, ON, CAN, K7L 0E9
Website
https://www.brailleenergysystemsinc.com
Braille Energy Systems Inc is a battery manufacturing and energy storage company supplying batteries to the professional motorsports industry and the pioneer of a complete line of lightweight high-powered battery systems for the transportation market. Geographically it serves Europe, the Middle East, Africa, Asia Pacific Australia and earns key revenue from the Americas.
Executives
Jeffrey York 10% Security Holder, Director

Braille Energy Systems (TSXV:BES) Headlines

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