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City View Green Holdings (XCNQ:CVGR) Momentum Rank : 0 (As of May. 26, 2024)


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What is City View Green Holdings Momentum Rank?

City View Green Holdings 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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City View Green Holdings (XCNQ:CVGR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » City View Green Holdings Inc (XCNQ:CVGR) » Definitions » Momentum Rank
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Traded in Other Exchanges
CVGRF:USA
Address
1173 Dundas Street East, Suite 132, Toronto, ON, CAN, M4M 3P1
Website
https://www.cityviewgreen.ca
City View Green Holdings Inc is a vertically integrated cannabis company. The company intends to produce medicinal products and recreational cannabis products for the Adult-Use market. Its facility is located in Brantford Ontario which offers cultivation and extraction space.
Executives
Roberto Fia 10% Security Holder, Director, Senior Officer

City View Green Holdings (XCNQ:CVGR) Headlines

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