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ZOONF (Zoono Group) Momentum Rank : 0 (As of Dec. 11, 2024)


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What is Zoono Group Momentum Rank?

Zoono Group 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.

Zoono Group Momentum Rank Related Terms

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Zoono Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zoono Group Ltd (OTCPK:ZOONF) » Definitions » Momentum Rank
Comparable Companies
ASX:PTL ASX:SKN ASX:S66 PG XPAR:OR LSE:ULVR CL BOM:500696 KVUE KMB LSE:RKT XTER:HEN3 XTER:BEI CHD EL CLX OSTO:ESSITY B TSE:4452 TSE:8113 BOM:532424
Traded in Other Exchanges
ZNO:Australia
Address
24 Bishop Dunn Place, Unit 3, Flatbush, Auckland, NTL, NZL, 2013
Website
https://www.zoono.com
Zoono Group Ltd is engaged in the research, development, and sale of a range of antimicrobial products in multiple countries. The company develops products suited for skin care, surface sanitizers, aerosol-based sprays, as well as acne products, and mold remediation treatments. Geographically, it derives a majority of its revenue from Australasia, Asia, the United States, and India, and also has a presence in the United Kingdom and Europe.

Zoono Group Headlines

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