Me Today (NZSE:MEE) Momentum Rank : 0 (As of Dec. 13, 2024)

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What is Me Today Momentum Rank?

Me Today 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.

Me Today Momentum Rank Related Terms

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Me Today Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Me Today Ltd (NZSE:MEE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Broadway, Level 1, Newmarket, Auckland, NZL, 1141

Website

https://www.metoday.com

Me Today Ltd is engaged in providing general health supplements and skincare products. It produces, sells, and markets health and wellbeing products or acts as an agent on behalf of other health and wellbeing suppliers. The company also produces and distributes premium manuka honey. Some of the products offered by the company are sleep supplements, immunity supplements, multivitamin skincare, skincare serums, lozenges, and others. Its operating segments are the Sale of goods, Agency services, and Honey. Maximum revenue is generated from its Honey segment which produces premium manuka honey. Geographically, the company generates maximum revenue from New Zealand and the rest from Europe and the United States of America.

Me Today Headlines

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