GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tinybeans Group Ltd (ASX:TNY) » Definitions » Momentum Rank

Tinybeans Group (ASX:TNY) Momentum Rank : 0 (As of May. 31, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Tinybeans Group Momentum Rank?

Tinybeans Group 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.


Tinybeans Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of Tinybeans Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Tinybeans Group (ASX:TNY) Business Description

Traded in Other Exchanges
Address
126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000
Tinybeans Group Ltd Formerly Tinybeans Group Pty Ltd provides a mobile and web-based social media platform that allows parents to record and share precious moments and milestones with family and friends privately and securely. Its products and services are advertising, premium subscriptions, photobook and printing. Geographically, it derives a majority of revenue from the USA and also has a presence in Australia.

Tinybeans Group (ASX:TNY) Headlines

No Headlines