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Vencanna Ventures (XCNQ:VENI) Momentum Rank : 0 (As of Jun. 20, 2024)


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What is Vencanna Ventures Momentum Rank?

Vencanna Ventures 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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Vencanna Ventures (XCNQ:VENI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vencanna Ventures Inc (XCNQ:VENI) » Definitions » Momentum Rank
Comparable Companies
TSXV:ENTG XCNQ:CANN XCNQ:HERB XCNQ:CLC XCNQ:VIBE XCNQ:CHM XCNQ:PWR XCNQ:XBRA XCNQ:PHRX XCNQ:RAMM XTER:MRK ZTS NSE:SUNPHARMA TSE:4502 LSE:HLN XTAE:TEVA XSWX:SDZ NBIX SZSE:000538 NSE:DIVISLAB
Traded in Other Exchanges
N/A
Address
250 - 6th Avenue South West, Suite 310, Calgary, AB, CAN, T2P 3H7
Website
https://www.vencanna.com
Top Strike Resources Corp aims to provide investors with a diversified, high-growth, cannabis investment strategy through strategic investments and acquisitions focused throughout the value chain (cultivation, processing, and distribution, including ancillary businesses.
Executives
David Gordon Mcgorman Senior Officer

Vencanna Ventures (XCNQ:VENI) Headlines

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