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Imperial Ginseng Products (Imperial Ginseng Products) Momentum Rank : 0 (As of May. 06, 2024)


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What is Imperial Ginseng Products Momentum Rank?

Imperial Ginseng Products 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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Imperial Ginseng Products (Imperial Ginseng Products) Business Description

Traded in Other Exchanges
Address
1055 Dunsmuir Street, Suite 732, Vancouver, BC, CAN, V7X 1L2
Imperial Ginseng Products Ltd is a Canada-based cultivator of North American ginseng. Its core business is cultivating and processing ginseng in the province of Ontario and selling the dried ginseng to wholesalers in Asia and North America through distributors. The company owns a processing facility in Norwich, Ontario and its farm operations are spread over southern Ontario. The firm operates principally in one segment, which is cultivating and selling ginseng.

Imperial Ginseng Products (Imperial Ginseng Products) Headlines

From GuruFocus

Imperial Ginseng

By Barel Karsan Barel Karsan 07-09-2020