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1PM Industries (1PM Industries) Momentum Rank : 0 (As of May. 24, 2024)


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What is 1PM Industries Momentum Rank?

1PM Industries 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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1PM Industries (1PM Industries) Business Description

Traded in Other Exchanges
N/A
Address
312 S Beverly Drive, Number. 3401, Beverly Hills, CA, USA, 90212
1PM Industries Inc provides consulting services to a wide variety of companies in diverse industries. Its target companies are in the startup phase of their operations.
Executives
Michael Patrick Raleigh director SUITE 550, 10000 MEMORIAL DRIVE, HOUSTON TX 77024
William A Lansing director 93962 BRIDGE VIEW LANE, NORTH BEND OR 97459
Thomas E Mills director, officer: President, CEO, CFO, Secretary
Lou Hilford director, officer: Chief Operating Officer

1PM Industries (1PM Industries) Headlines

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