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Goodfood Market (Goodfood Market) 12-1 Month Momentum % : -52.31% (As of Apr. 29, 2024)


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What is Goodfood Market 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-29), Goodfood Market's 12-1 Month Momentum % is -52.31%.

The industry rank for Goodfood Market's 12-1 Month Momentum % or its related term are showing as below:

GDDFF's 12-1 Month Momentum % is ranked worse than
92.16% of 102 companies
in the Personal Services industry
Industry Median: -4.1 vs GDDFF: -52.31

Competitive Comparison of Goodfood Market's 12-1 Month Momentum %

For the Personal Services subindustry, Goodfood Market's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Goodfood Market's 12-1 Month Momentum % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Goodfood Market's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Goodfood Market's 12-1 Month Momentum % falls into.


Goodfood Market  (OTCPK:GDDFF) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Goodfood Market  (OTCPK:GDDFF) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Goodfood Market 12-1 Month Momentum % Related Terms

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Goodfood Market (Goodfood Market) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Goodfood Market Corp (OTCPK:GDDFF) » Definitions » 12-1 Month Momentum %
Comparable Companies
TSXV:WOLF TSXV:MNLX ROL SCI HRB BFAM TSX:BYD FTDR MCW HKSE:01448 LSE:CVSG ASX:IVC MED OHEL:MUSTI XTER:CWC WW HKSE:01830 LSE:XPS ROCO:5530 TSX:PLC
Traded in Other Exchanges
76O:Germany FOOD:Canada
Address
4600 Hickmore Street, Saint-Laurent, Montreal, QC, CAN, H4T 1K2
Website
https://www.makegoodfood.ca
Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The Company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.