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Aether Global Innovations (XCNQ:AETH) Momentum Rank : 0 (As of Jun. 03, 2024)


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What is Aether Global Innovations Momentum Rank?

Aether Global Innovations 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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Aether Global Innovations (XCNQ:AETH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aether Global Innovations Corp (XCNQ:AETH) » Definitions » Momentum Rank
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Traded in Other Exchanges
AETHF:USA 4XA0:Germany
Address
1199 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6E 3T5
Website
https://www.aethergic.com
Aether Global Innovations Corp is an innovative UAV drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include drone management and surveillance monitoring, automation and integration for flight planning, new sensor payloads, stand-alone power source and drone base station infrastructure and technology for autonomous self-landing, power charging, and take off.

Aether Global Innovations (XCNQ:AETH) Headlines