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Good Gamer Entertainment (TSXV:GOOD) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Good Gamer Entertainment Momentum Rank?

Good Gamer Entertainment 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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Good Gamer Entertainment (TSXV:GOOD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Good Gamer Entertainment Inc (TSXV:GOOD) » Definitions » Momentum Rank
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Traded in Other Exchanges
GGAMF:USA
Address
700 W Pender Streets, Suite 1290, Vancouver, BC, CAN, V6B 2Z4
Website
https://www.goodgamer.ca
Good Gamer Entertainment Inc operates an online play-to-earn game discovery and entertainment platform in Canada and the United States. offers a premium real-money skill-based gaming tournament management platform that offers a win-win for gamers and developers. The Company will have the following reportable segments: display advertisements, non-fungible tokens (NFTs), search monetization, chrome extensions, corporate and development, tournament management platform (TMP), PlayCash, and Fantasy app. The majority of its revenue generates from the NFT segment. It also offers gamers the opportunity to play their favorite mobile games and win real cash prizes. Geographically it operates in USA and India.