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Romana Food Blockchain (Romana Food Blockchain) Momentum Rank : 0 (As of May. 26, 2024)


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What is Romana Food Blockchain Momentum Rank?

Romana Food Blockchain 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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Romana Food Blockchain (Romana Food Blockchain) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Romana Food Blockchain Corp (OTCPK:RFBC) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
2910 Sheridan Way, Oakville, ON, CAN, L6J 7J8
Website
http://www.romanafoodbrands.com
Romana Food Blockchain Corp is a USA based company that owns and operates a food processing plants specializing in Italian products. Its clients include Costco, Imvescor, Loblaws, Maxi, Metro, Provigo, Sobeys, Super C and Trader Joe's.

Romana Food Blockchain (Romana Food Blockchain) Headlines

From GuruFocus

Unauthorized publicity - Romana Food Brands Corp.'s update

By PRNewswire PRNewswire • 06-06-2018