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CryptoStar (TSXV:CSTR) Momentum Rank : 0 (As of May. 26, 2024)


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What is CryptoStar Momentum Rank?

CryptoStar 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.

CryptoStar Momentum Rank Related Terms

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CryptoStar (TSXV:CSTR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CryptoStar Corp (TSXV:CSTR) » Definitions » Momentum Rank
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Traded in Other Exchanges
CSTXF:USA
Address
181 Bay Street, Suite 4400, Toronto, ON, CAN, M5J 2T3
Website
https://www.cryptostar.com
CryptoStar Corp is a cryptocurrency mining company with data centres around the globe. The Company has two reportable segments based on geographical locations: Canada and the USA, and three reportable segments based on operations: self-mining, hosting and miner sales, along with a Head Office segment. The company derives its income from digital currency received for providing mining services to a digital currency blockchain. It generates a majority of its revenue from the United States.
Executives
Adam Kline Director