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Scryb (XCNQ:SCYB) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Scryb Momentum Rank?

Scryb 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.

Scryb Momentum Rank Related Terms

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Scryb (XCNQ:SCYB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Scryb Inc (XCNQ:SCYB) » Definitions » Momentum Rank
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Traded in Other Exchanges
SCYRF:USA EIY:Germany
Address
65 International Boulevard, Suite 202, Etobicoke, ON, CAN, M9W6L9
Website
https://www.scryb.ai
Scryb Inc is a platform that powers businesses and technologies with applied intelligence, real-time analytics, and actionable insights. The platform boasts adaptability across diverse markets, from digital health and diagnostics to cybersecurity and manufacturing. The company's technologies include Cybeats, The Fionet (FRR), and Pharmatrac.
Executives
William Gordon Clark Kent Director, Senior Officer

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