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Naturally Splendid Enterprises (TSXV:NSP.H) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Naturally Splendid Enterprises Momentum Rank?

Naturally Splendid Enterprises 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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Naturally Splendid Enterprises (TSXV:NSP.H) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Naturally Splendid Enterprises Ltd (TSXV:NSP.H) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
19100 Airport Way, Unit 108, Pitt Meadows, BC, CAN, V3Y 0E2
Website
https://www.naturallysplendid.com
Naturally Splendid Enterprises Ltd operates a certified food manufacturing facility producing plant-based entrees, in the Greater Vancouver region in Canada. The company has an exclusive 10-year manufacturing, distribution and licensing agreement for Canada with Australia's largest plant-based food manufacturer. Naturally Splendid has launched Plantein Plant-Based Foods in both Foodservice and Retail Channels.

Naturally Splendid Enterprises (TSXV:NSP.H) Headlines

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