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CENTR Brands (XCNQ:CNTR) Momentum Rank : 0 (As of May. 31, 2024)


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What is CENTR Brands Momentum Rank?

CENTR Brands 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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CENTR Brands (XCNQ:CNTR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CENTR Brands Corp (XCNQ:CNTR) » Definitions » Momentum Rank
Comparable Companies
NEOE:FH XCNQ:RIV TSXV:ROMJ TSXV:SBBC XCNQ:PWR XCNQ:VIN XCNQ:TRIP XCNQ:MVMD XCNQ:LEEF XCNQ:RWB ZTS XTER:MRK TSE:4502 LSE:HLN NSE:SUNPHARMA TSE:4523 TSE:4507 SZSE:000538 XSWX:SDZ HKSE:03692
Traded in Other Exchanges
CNTRF:USA 303:Germany
Address
2318 Oak Street, Suite 100, Vancouver, BC, CAN, V6H 4J1
Website
https://www.findyourcentr.com
CENTR Brands Corp is a Canada-based company involved in the development and marketing of beverages infused with hemp-derived extracts and derivatives. It is focused on the creation and launch of the brand for the cannabidiol (CBD) infused beverage industry. The company's first product, CENTR, is a sparkling, low-calorie, CBD beverage.
Executives
Arjan Jagiit Chima Director, Senior Officer

CENTR Brands (XCNQ:CNTR) Headlines

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