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Spacefy (XCNQ:SPFY) Momentum Rank : 0 (As of May. 27, 2024)


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What is Spacefy Momentum Rank?

Spacefy 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.

Spacefy Momentum Rank Related Terms

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Spacefy (XCNQ:SPFY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Spacefy Inc (XCNQ:SPFY) » Definitions » Momentum Rank
Comparable Companies
XCNQ:QQ TSXV:DGTL TSXV:DAR TSXV:ARD GOOGL META HKSE:00700 XAMS:PRX BIDU SPOT DASH JSE:NPN HKSE:01024 XKRX:035420 PINS SNAP XKRX:035720 TME ASX:REA OSL:ADE
Traded in Other Exchanges
SPFYF:USA YSP:Germany
Address
1 University Avenue, 3rd Floor, Toronto, ON, CAN, M5J 2P1
Website
https://www.spacefy.com
Spacefy Inc is offering space to the creative industries. It has developed an online platform named Spacefy for connecting creatives with locations to fulfill their creative projects. The Spacefy platform offers space owners the opportunity and the tools to list and rent their venues to creatives. It also provides creatives with the tools to find suitable spaces for their projects, communicate with space owners, and complete a booking of the desired space.
Executives
Michael J. Bradley Director, Senior Officer

Spacefy (XCNQ:SPFY) Headlines

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