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Hypercharge Networks (TSXV:HC) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Hypercharge Networks Momentum Rank?

Hypercharge Networks 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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Hypercharge Networks (TSXV:HC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hypercharge Networks Corp (TSXV:HC) » Definitions » Momentum Rank
Comparable Companies
TSXV:SSA XCNQ:ATHR TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON SHSE:600660 LKQ SHSE:601689 TSE:7259 SZSE:002920 BWA XTER:HLE TSE:5802 ALV
Traded in Other Exchanges
HCNWF:USA PB7:Germany
Address
1075 West 1st Street, Suite 208, North Vancouver, BC, CAN, V7P 3T4
Website
https://www.hypercharge.com
Hypercharge Networks Corp is an electric vehicle supply equipment company that provides turnkey electric vehicle charging solutions. As a clean-technology innovator, the company's mission is to accelerate EV adoption and shift towards a carbon-neutral economy by providing seamless, simple charging experiences through industry equipment and a robust network of public and private charging stations. It has a single segment, the sale of EV charging equipment, software, and maintenance contracts.
Executives
Jason Baybutt Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Hypercharge Networks (TSXV:HC) Headlines

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