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NCTW (Nascent Wine Co) Momentum Rank : 0 (As of Sep. 22, 2024)


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What is Nascent Wine Co Momentum Rank?

Nascent Wine Co 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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Nascent Wine Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nascent Wine Co Inc (OTCPK:NCTW) » Definitions » Momentum Rank
Comparable Companies
TGRR THST ESDID BORN WVVI CWGL ROX ADWPF BDEYF CRBBF BVDRF VCO REMYF TSRYY DVDCY TBVPF BF.B BCCLF PDRDY STZ
Traded in Other Exchanges
N/A
Address
12055 East Broadway Boulevard, Tucson, AZ, USA, 85748
Website
http://www.pianconegroup.com
Nascent Wine Co Inc engages in the distribution of food and non-food products. It distributes a full line of frozen foods, such as meats, fully prepared entrees & desserts, and a full line of canned and dry goods, fresh meats and imported specialties.
Executives
Jgd Management Corp /ny director, 10 percent owner 767 FIFTH AVENUE, 17TH FLOOR, NEW YORK NY 10153
James E Buckman director YORK CAPITAL MANAGEMENT, 767 5TH AVENUE - 17TH FLOOR, NEW YORK NY 10153

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