GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Worldwide NFT Inc (OTCPK:WNFT) » Definitions » Momentum Rank

Worldwide NFT (Worldwide NFT) Momentum Rank : 0 (As of Jun. 09, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Worldwide NFT Momentum Rank?

Worldwide NFT 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.


Worldwide NFT Momentum Rank Related Terms

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


Worldwide NFT (Worldwide NFT) Business Description

Traded in Other Exchanges
N/A
Address
3535 Executive Terminal Drive, Suite 150, Henderson, NV, USA, 89052
Website
Worldwide NFT Inc, formerly Goff Corp is a Blank check company.
Executives
Vasquez Serna Manuel Hernando director CARRERA 58, NO.75 - 159 OF #7, BARRANQUILLA F8 0000
Warwick Adam Calasse director, 10 percent owner, officer: Pres/CEO/Treas/Sec/CFO 24 GARDENER ROAD, ARCTURUS, RUWA Y5 0000

Worldwide NFT (Worldwide NFT) Headlines

No Headlines