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VAM Investments SPAC BV (XAMS:VAM) Momentum Rank : 0 (As of Jun. 01, 2024)


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What is VAM Investments SPAC BV Momentum Rank?

VAM Investments SPAC BV 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.

VAM Investments SPAC BV Momentum Rank Related Terms

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VAM Investments SPAC BV (XAMS:VAM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » VAM Investments SPAC BV (XAMS:VAM) » Definitions » Momentum Rank
Comparable Companies
XAMS:EHCS XAMS:NAI XAMS:CTCA1 XAMS:LVIDE PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA LSE:ADMR HCVI TRTL CCVI SLAM NETD
Traded in Other Exchanges
N/A
Address
Via Manzoni 3, Milano, ITA, 20121
Website
https://www.vaminvestments-spac.com
VAM Investments SPAC BV is a blank check company based in Milan, Italy. The Company's purpose is to ensure Supermoney gains access to the public capital markets and benefits from financial resources to further strengthen its market-leading position in the Italian utilities and telecommunications sector, to extend its value proposition through new streams of value-added products, and to potentially enter adjacent verticals through organic growth and/or strategic acquisitions.