YDx Innovation (STU:APY1) Momentum Rank : 0 (As of Apr. 29, 2025)

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What is YDx Innovation Momentum Rank?

YDx Innovation has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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YDx Innovation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » YDx Innovation Corp (STU:APY1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Granville Street, Suite 2820, Vancouver, BC, CAN, V6C 1S4

Website

http://www.ydreamsglobal.com

YDx Innovation Corp is a technology company and an expert in Augmented and Virtual Reality, Esports, and Interactive Exhibitions. The company develops products and services under divisions namely YDreams Global, Arkave VR Studios, BEAT Gaming and Game On Festival.

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