Northstar Clean Technologies (TSXV:ROOF) Momentum Rank : 3 (As of Apr. 19, 2025)

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What is Northstar Clean Technologies Momentum Rank?

Northstar Clean Technologies has the Momentum Rank of 3.

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.

Competitive Comparison of Northstar Clean Technologies's Momentum Rank

For the Waste Management subindustry, Northstar Clean Technologies'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.

Northstar Clean Technologies's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Northstar Clean Technologies's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Northstar Clean Technologies's Momentum Rank falls into.

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Northstar Clean Technologies Momentum Rank Related Terms

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Northstar Clean Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Northstar Clean Technologies Inc (TSXV:ROOF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ROOOF:USA

Address

7046 Brown Street, Delta, BC, CAN, V4G 1G8

Website

https://www.northstarcleantech.com

Northstar Clean Technologies Inc is engaged in the commercialization of proprietary process technology for the recycling of asphalt shingles and the extraction and recovery of asphalt cement, fiberglass/felt and mineral aggregates to be sold and used in asphalt pavement, shingle manufacturing, construction products, and other industrial applications. The Company currently operates in one business segment in Canada, being the repurposing and reprocessing of asphalt shingles.

Executives

Neil Currie	Director
James Corey Borkowski	Director
Kellie Johnston	Senior Officer
James A. Currie	Director, Senior Officer
Aidan Mills	Senior Officer
Rosemary Pritchard	Senior Officer
Gregg J. Sedun	Director

Northstar Clean Technologies Headlines

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