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Twelve Seas Investment Co II (Twelve Seas Investment Co II) Momentum Rank : 1 (As of May. 21, 2024)


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What is Twelve Seas Investment Co II Momentum Rank?

Twelve Seas Investment Co II has the Momentum Rank of 1.

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 Twelve Seas Investment Co II's Momentum Rank

For the Shell Companies subindustry, Twelve Seas Investment Co II'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.

Twelve Seas Investment Co II's Momentum Rank Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Twelve Seas Investment Co II's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Twelve Seas Investment Co II's Momentum Rank falls into.


Twelve Seas Investment Co II Momentum Rank Related Terms

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Twelve Seas Investment Co II (Twelve Seas Investment Co II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Twelve Seas Investment Co II (NAS:TWLV) » Definitions » Momentum Rank
Comparable Companies
ALSA CNDB RMGC FRXB FLFV FDOC BRD CSTA IRRX LGVC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
TWLVU:USA
Address
228 Park Avenue South, Suite 89898, New York, NY, USA, 10003-1502
Website
Twelve Seas Investment Co II is a blank check company.
Executives
Robert Foresman director C/O GLOBAL CONSUMER ACQUISITION CORP, 1370 AVENUE OF THE AMERICAS, 28TH FLOOR, NEW YORK NY 10019
Jonathan D Morris director, 10 percent owner, officer: Chief Financial Officer C/O IMAGEWARE SYSTEMS, INC., 13500 EVENING CREEK DRIVE N SUITE 550, SAN DIEGO CA 92128
Neil Richardson director 21 GROSVENOR PLACE, LONDON X0 SW1X 7HF
Dimitri Elkin director, 10 percent owner, officer: Chief Executive Officer 25/28 BURLINGTON STREET, LONDON X0 W1S 3AN
Twelve Seas Sponsor Ii Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Anthony Steains director 2685 NOTTINGHAM AVENUE, LOS ANGELES CA 90027