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Sweet Poison Spirits (XCNQ:SPS) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Sweet Poison Spirits Momentum Rank?

Sweet Poison Spirits 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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Sweet Poison Spirits (XCNQ:SPS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Sweet Poison Spirits Inc (XCNQ:SPS) » Definitions » Momentum Rank
Comparable Companies
XCNQ:SBD XCNQ:TNY SHSE:600519 SZSE:000858 LSE:DGE XPAR:RI STZ SZSE:000568 SHSE:600809 BF.B SZSE:002304 SZSE:000596 MIL:CPR SHSE:603369 SGX:Y92 BOM:532432 SHSE:603198 CUERVO PHS:EMI XPAR:RCO
Traded in Other Exchanges
N7S:Germany
Address
580 Hornby Street, Suite 750, Vancouver, BC, CAN, V6C 3B6
Website
https://www.sweetpoisonspirits.com
Sweet Poison Spirits Inc is engaged in the distribution of premium quality spirits. The company distributes premium Tequila and Mezcal products under the Sweet Poison brand.

Sweet Poison Spirits (XCNQ:SPS) Headlines

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