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Vibe Growth (XCNQ:VIBE) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Vibe Growth Momentum Rank?

Vibe Growth 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.

Vibe Growth Momentum Rank Related Terms

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Vibe Growth (XCNQ:VIBE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vibe Growth Corp (XCNQ:VIBE) » Definitions » Momentum Rank
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Traded in Other Exchanges
VIBEF:USA
Address
997 Seymour Street, Suite 250, Vancouver, BC, CAN, V6B3M1
Website
https://www.vibebycalifornia.com
Vibe Growth Corp is engaged in evaluation, acquiring and developing cannabis cultivation, distribution and manufacturing assets and retail cannabis dispensaries, predominantly in the U.S., in order to become a vertically integrated cannabis operator. The Company currently operates five dispensaries, one distribution and two cultivation operations in the State of California plus one dispensary in Portland, Oregon.
Executives
Hadron Capital (cayman) Limited 10% Security Holder

Vibe Growth (XCNQ:VIBE) Headlines

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