Green Star Products (Green Star Products) Momentum Rank : 0 (As of Apr. 28, 2024)

View and export this data going back to . Start your Free Trial

What is Green Star Products Momentum Rank?

Green Star Products 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.

Green Star Products Momentum Rank Related Terms

Thank you for viewing the detailed overview of Green Star Products's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Green Star Products (Green Star Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Green Star Products Inc (OTCPK:GSPI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

624 Tyvola Road, Suite 103 No. 186, Charlotte, NC, USA, 28217

Website

https://www.gspiusa.com

Green Star Products Inc produces algae-based renewable burning fuels in the United States. It involves designing and engineering bio-diesel reactors and process control systems that produce biodiesel and cellulosic ethanol. The company also develops and produces anti-friction metal treatment products, which include lubricants and additives that reduce emissions and enhances fuel economy in vehicles, machinery, and power plants. It sells its lubricants and additives under the SuperBat TVT brand name for use in various internal combustion engines, transmissions, power steering, wheel bearings, and differentials.

Green Star Products (Green Star Products) Headlines

No Headlines