Live Verdure (ASX:LV1) Momentum Rank : 2 (As of Dec. 12, 2024)

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What is Live Verdure Momentum Rank?

Live Verdure has the Momentum Rank of 2.

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.

Competitive Comparison of Live Verdure's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Live Verdure's Momentum Rank, along with its competitors' market caps and Momentum Rank 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.

Live Verdure's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Live Verdure's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Live Verdure's Momentum Rank falls into.

Live Verdure Momentum Rank Related Terms

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Live Verdure Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Live Verdure Ltd (ASX:LV1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

137-139 Bathurst Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://liveverdure.com.au

Live Verdure Ltd is an Australian Health, Wellness and Skincare company making a range of naturally-based products with effective active ingredients. Its products are predominantly sold Direct-to-Consumer (D2C), using the Company's websites. The Company is engaged in providing hemp-based products under 13 seeds brand name. The company focuses on development of Australian hemp food, beauty and nutraceutical products.

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