Evergreen Sustainable Enterprises (Evergreen Sustainable Enterprises) Momentum Rank : 0 (As of Jun. 18, 2024)

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What is Evergreen Sustainable Enterprises Momentum Rank?

Evergreen Sustainable Enterprises 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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Evergreen Sustainable Enterprises (Evergreen Sustainable Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Evergreen Sustainable Enterprises Inc (OTCPK:EGSE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

8533 Midway Road, Dallas, TX, USA, 75209

Website

https://www.egsustainable.com

Evergreen Sustainable Enterprises Inc is a sustainable green energy company with a vision of developing sustainable and innovative solutions within the industry. It operates in both the Bitcoin mining industry and the hemp industry.

Executives

Satellite Overseas (holdings) Ltd	10 percent owner	SARKHEJ-DHOLKA ROAD, BHAT, AHMEDABAD K7 382 210
Wiegand Corey H	director, 10 percent owner, officer: CEO	3412 WEST 62ND AVENUE, DENVER CO 80221
Bristlecone Associates Llc	10 percent owner	3412 WEST 62ND AVENUE, DENVER CO 80221