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Amazonas Florestal (Amazonas Florestal) Momentum Rank : 0 (As of Jun. 24, 2024)


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What is Amazonas Florestal Momentum Rank?

Amazonas Florestal 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.

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Amazonas Florestal (Amazonas Florestal) Business Description

Traded in Other Exchanges
N/A
Address
7922-7924 NW 67th Street, Miami, FL, USA, 33166
Amazonas Florestal Ltd, through its subsidiary, is engaged in the sale of CBD products that it is producing in the state. The company's products are sold online and through outlets.

Amazonas Florestal (Amazonas Florestal) Headlines

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