Parabel (Parabel) Momentum Rank : 0 (As of May. 27, 2024)

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What is Parabel Momentum Rank?

Parabel 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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Parabel (Parabel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Parabel Inc (OTCPK:PABL) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Website

http://www.parabel.com

Parabel Inc. provides renewable technology and solutions to meet the significant and growing demand for agricultural products and energy in global markets. The Company's solution is designed to deliver strong economic returns to customer licensees as a consequence of continuous, year-round production operations. Parabel also intends to provide social and environmental benefits, through job creation, community investment, and sustainable production that absorbs atmospheric carbon dioxide and does not compete with the existing food supply, require arable land, or pollute soil or water.

Executives

Eugene Grin	10 percent owner	825 THIRD AVENUE 14TH FLOOR, NEW YORK NY 10022
Michael Anthony	other: Former President	330 CLEMATIS STREET SUITE 217 WEST PALM BEACH CA 33401

Parabel (Parabel) Headlines

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