Premier Diversified Holdings (TSXV:PDH) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Premier Diversified Holdings Momentum Rank?

Premier Diversified Holdings 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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Premier Diversified Holdings (TSXV:PDH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Premier Diversified Holdings Inc (TSXV:PDH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1199 West Pender Street, Suite 680, Vancouver, BC, CAN, V6E 2R1

Website

https://pdh-inc.com

Premier Diversified Holdings Inc is a company that operates in diversified industries. The company is engaged in evaluating other potential investments and acquisition opportunities of public and private entities and their assets. The group mainly invests in startup businesses, preferably through joint ventures, wherein the company takes a significant equity stake or provides debt financing.

Executives

Geoffrey Paul Waters

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Premier Diversified Holdings (TSXV:PDH) Headlines

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