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Aqua Bounty Technologies (LSE:ABTX) Momentum Rank : 0 (As of May. 17, 2024)


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What is Aqua Bounty Technologies Momentum Rank?

Aqua Bounty Technologies 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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Aqua Bounty Technologies (LSE:ABTX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Aqua Bounty Technologies Inc (LSE:ABTX) » Definitions » Momentum Rank
Comparable Companies
OGAA SISI SHMP SDOT AGRI TAER EDBL SANW AAGR LOCL SZSE:002714 ADM TSN SZSE:300498 BG SHSE:600438 OSL:MOWI OSL:SALM SZSE:000876 ISX:CPIN
Traded in Other Exchanges
AQB:USA
Address
2 Mill and Main Place, Suite 395, Maynard, MA, USA, 01754
Website
https://www.aquabounty.com
AquaBounty Technologies Inc is engaged in the field of land-based aquaculture and the use of technology for improving its productivity and sustainability. The company's objective is to ensure the availability of high-quality seafood to meet global consumer demand while addressing critical production constraints in the most popular farmed species.