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   What is the Price Momentum Model (Price Mo)?
   The StarMine Price Momentum ("Price Mo") model is a percentile (1-100) ranking of stocks based on recent historical price performance.

Higher scores indicate stocks with the strongest price momentum. An overall score of 95 indicates that the security has better price momentum than roughly 95% of its peers.

The overall score for a given stock is a blend of its scores on each component.

The headline StarMine Price Mo score featured in StarMine Professional is the Regional Rank, in which a given stock is ranked against all others in its Region. The StarMine Price Mo Global Rank is also available.

Although StarMine Price Mo is a proprietary model, you can observe the key drivers on a stock by looking at individual components on the Ticker/Models/Price Mo page.

Long Term Component
The Long Term component exploits the tendency of stocks with strong performance over the past 6-12 months to continue to outperform.

The Long Term component compares the average daily closing price over the last 6 months to that over the last 12 months, rewarding stocks whose prices have increased over the last year.

The Long Term component is normalized by the trailing 12 month volatility, as measured by the standard deviation of the last 12 monthly price changes. This adjustment amplifies scores for stocks whose price changes were achieved in steady moves, and moderates scores for those whose changes were inconsistent or the result of sharp jumps.

Mid Term Component
The Mid Term component compares the average daily closing price over the last 10 trading days to that over the last 3 months, rewarding stocks whose 10-day average price is greater than their 3-month average.

Short Term Component
The Short Term component compares the most recent closing price to the average daily closing price over the last 10 trading days. This component captures the phenomenon that, at short-term horizons, there is negative auto-correlation in returns – the biggest winners over the last week tend to be losers in the following week or so. Unlike the Long Term and Mid Term components, the Short Term component rewards stocks whose prices have decreased over the last 10 days.

Like the Long Term component, The Short Term component is also normalized by volatility, using an exponentially weighted moving average of daily returns over the last year.

Industry Component
The Industry component captures the power of price momentum at the industry level. Namely, industries that have outperformed over the past 1-2 months tend to continue to outperform. The model ranks stocks on the basis of the average price change of all of its industry/region peers over the last month.

Model Regions
The model assigns each security to one of five distinct regions (North America, Developed Europe, Developed Asia ex-Japan, Japan, and Emerging Markets).

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