Vinyl Group (Vinyl Group) Momentum Rank : 6 (As of Jun. 02, 2024)

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What is Vinyl Group Momentum Rank?

Vinyl Group has the Momentum Rank of 6.

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.

Competitive Comparison of Vinyl Group's Momentum Rank

For the Software - Application subindustry, Vinyl Group's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Vinyl Group's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Vinyl Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Vinyl Group's Momentum Rank falls into.

Vinyl Group Momentum Rank Related Terms

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Vinyl Group (Vinyl Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vinyl Group Ltd (OTCPK:JAXAF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

VNL:Australia

Address

11 Wilson Street, South Yarra, VIC, AUS, 3141

Website

https://www.jaxsta.com

Vinyl Group Ltd Formerly Jaxsta Ltd is a music technology company that carries on a music database. It has developed an online platform named Jaxsta to hold official music metadata. Its database consists of official music information and is built to meet the needs of music professionals and enthusiasts seeking a comprehensive and authenticated source of music data. The company uses " Big Data" technology to ingest and translate information sourced directly from official channels including record labels, music publishers, royalty agencies and industry associations onto its Jaxsta platform ensuring optimum accuracy and reliability.

Vinyl Group (Vinyl Group) Headlines

From GuruFocus

Songtradr Partners With Jaxsta

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