Carbon Done Right Developments (STU:Q1C0) Momentum Rank : 0 (As of Apr. 14, 2025)

View and export this data going back to 2023. Start your Free Trial

What is Carbon Done Right Developments Momentum Rank?

Carbon Done Right Developments has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Carbon Done Right Developments Momentum Rank Related Terms

Thank you for viewing the detailed overview of Carbon Done Right Developments's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Carbon Done Right Developments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Carbon Done Right Developments Inc (STU:Q1C0) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KLXDF:USA KLX:Canada

Address

1030 West Georgia Street, Suite 1012, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.carbondoneright.com

Carbon Done Right Developments Inc is a carbon exploration and development company with reach into jurisdictions with production potential from forestry carbon sequestration projects. The Company has two reportable segments (corporate, and carbon credits production) as the nature of services provided.

Carbon Done Right Developments Headlines

No Headlines