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Charlestowne Premium Beverages (Charlestowne Premium Beverages) Momentum Rank : 0 (As of May. 19, 2024)


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What is Charlestowne Premium Beverages Momentum Rank?

Charlestowne Premium Beverages 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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Charlestowne Premium Beverages (Charlestowne Premium Beverages) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Charlestowne Premium Beverages Inc (OTCPK:FPWM) » Definitions » Momentum Rank
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BOM:512591 BOM:531515 BOM:505585 HAM:KMLK BOM:503681 BOM:538351 WAR:VCP BOM:532164 BOM:536965 WAR:EVE TSXV:PPK WAR:WIS BOM:535730 TSX:XMF.A TSXV:RII.H WAR:FMG TSXV:PCL.P XCNQ:LLL TSXV:AFC.P ASX:GBA
Traded in Other Exchanges
N/A
Address
2831 Street Rose Parkway, Suite 200 – 240, Henderson, NV, USA, 89052
Website
https://www.charlestownepremiumbeverages.com
Charlestowne Premium Beverages Inc a beverage company that develops, produces, markets and distributes lifestyle beverages, based on a model developed by CPS. It manages its beverage portfolio and is developing new technologies to expand CBD infusions across the alcoholic and non-alcoholic beverage sectors. PAPA Vodka is a CBD-infused vodka and the company's flagship product. The company's portfolio also includes other whiskeys and vodka. It combines various spirits expertise and grows in the CBD infused space and traditional alcoholic branded beverage market entrance experience. Revenue is earned from the sales of distilled spirits consulting.

Charlestowne Premium Beverages (Charlestowne Premium Beverages) Headlines