Sustainable Green Team (Sustainable Green Team) Momentum Rank : 8 (As of Jun. 19, 2024)

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What is Sustainable Green Team Momentum Rank?

Sustainable Green Team has the Momentum Rank of 8.

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.

Competitive Comparison of Sustainable Green Team's Momentum Rank

For the Lumber & Wood Production subindustry, Sustainable Green Team's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sustainable Green Team's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Sustainable Green Team's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sustainable Green Team's Momentum Rank falls into.

Sustainable Green Team Momentum Rank Related Terms

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Sustainable Green Team (Sustainable Green Team) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Sustainable Green Team Ltd (OTCPK:SGTM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

24200 County RD 561, Astatula, FL, USA, 34705

Website

https://www.thesustainablegreenteam.com

Sustainable Green Team Ltd, along with its subsidiaries, is engaged in mulch manufacturing. It acquires wood-based, feedstock, and other natural materials used for its mulch products. The company provides tree services, debris hauling, and removal, biomass recycling, mulch manufacturing, packaging, and sales. Its customers include governmental, residential, commercial customers, and retailers.