Burcon NutraScience (Burcon NutraScience) Momentum Rank : 10 (As of May. 02, 2024)

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What is Burcon NutraScience Momentum Rank?

Burcon NutraScience has the Momentum Rank of 10.

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 Burcon NutraScience's Momentum Rank

For the Packaged Foods subindustry, Burcon NutraScience'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.

Burcon NutraScience's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Burcon NutraScience's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Burcon NutraScience's Momentum Rank falls into.

Burcon NutraScience Momentum Rank Related Terms

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Burcon NutraScience (Burcon NutraScience) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Burcon NutraScience Corp (OTCPK:BRCNF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BNE:Germany BU:Canada

Address

1946 West Broadway, Vancouver, BC, CAN, V6J 1Z2

Website

https://www.burcon.ca

Burcon NutraScience Corp is a technology company in the development of plant-based proteins. With over 290 issued patent applications, that have been developed, Burcon has grown a portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed, and more. Its joint venture Merit Foods is building a protein production facility in Manitoba, Canada, where it will produce, under license, Burcon's novel pea and canola protein ingredients.

Burcon NutraScience (Burcon NutraScience) Headlines

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