Copland Road Capital (XCNQ:CRCC) Momentum Rank : 2 (As of May. 14, 2024)

View and export this data going back to 2018. Start your Free Trial

What is Copland Road Capital Momentum Rank?

Copland Road Capital has the Momentum Rank of 2.

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 Copland Road Capital's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Copland Road Capital'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.

Copland Road Capital's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Copland Road Capital's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Copland Road Capital's Momentum Rank falls into.

Copland Road Capital Momentum Rank Related Terms

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

Copland Road Capital (XCNQ:CRCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Copland Road Capital Corp (XCNQ:CRCC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.copland-road.com

Copland Road Capital Corp is an investment company. It focuses on making investments in the cannabis industry. It generates revenue from Retail and wholesale, which includes the sale of physical cannabis goods. The company discontinued all its operations.

Executives

Scott Kelly

10% Security Holder, Director

Copland Road Capital (XCNQ:CRCC) Headlines

No Headlines