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LWP Capital (LWP Capital) Momentum Rank : 0 (As of May. 26, 2024)


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What is LWP Capital Momentum Rank?

LWP Capital 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.

LWP Capital Momentum Rank Related Terms

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LWP Capital (LWP Capital) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » LWP Capital Inc (OTCPK:LXWKF) » Definitions » Momentum Rank
Comparable Companies
COL:GRAN.N0000 ASX:WLD ATH:PERS ASX:WNR TSE:2608 ASX:AS1 XPAR:ALAGR SGX:BNE BOM:538921 XKLS:7179 XMAD:PVA LSE:AVGR COL:GOOD.N0000 ISX:UNSP BOM:507474 XPAR:MLAAH BOM:539963 ASX:OGA XKLS:1902 BOM:533210
Traded in Other Exchanges
N/A
Address
Website
http://www.lwpci.com
Legumex Walker Inc is a processor and merchandiser of pulses (lentils, peas, beans and chickpeas) and other special crops with processing facilities in the Canadian Prairies, American Midwest and China.

LWP Capital (LWP Capital) Headlines

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