GreenSpace Brands (TSXV:JTR.H) Momentum Rank : 0 (As of May. 22, 2024)

View and export this data going back to 2013. Start your Free Trial

What is GreenSpace Brands Momentum Rank?

GreenSpace Brands 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.

GreenSpace Brands Momentum Rank Related Terms

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

GreenSpace Brands (TSXV:JTR.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GreenSpace Brands Inc (TSXV:JTR.H) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2087 Dundas Street East, Suite 106, Mississauga, ON, CAN, L4X 2V7

Website

https://www.greenspacebrands.ca

GreenSpace Brands Inc is an organic and natural food company. It is engaged in the creation of natural food products and sale of brands in Canadian natural food industry. The company's brands include Life Choices, Rolling Meadow Dairy, Holistic Choice Pet Food, Nudge, Love Child organics, Central Roast, and Kiju organic. Life Choices Natural Foods offers meat products made with grass-fed and pasture-raised without the use of added hormones and antibiotics. Rolling Meadow Dairy provides products made with grass-fed milk. Holistic Choice Pet Food offers natural pet food. The Nudge brand is a line of family foods. Love Child Organics provides healthy, organic baby and children's food products.

GreenSpace Brands (TSXV:JTR.H) Headlines

No Headlines