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Real Good Food (LSE:RGD) Momentum Rank

: 0 (As of Today)
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Real Good Food 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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Real Good Food (LSE:RGD) Business Description

Real Good Food logo
Traded in Other Exchanges
229 Crown Street, Liverpool, GBR, L8 7RF
Real Good Food PLC is engaged in the sourcing, manufacturing, and distribution of food to the retail and industrial sectors. The group operates in two main divisions: Cake Decoration and Food Ingredients. The Cake Decoration segment manufactures, sells and supplies cake decorating products and ingredients for the baking sector. Its Food Ingredients segment manufactures and supplies a range of food ingredients from bagged sugar and dairy powders to chocolate coatings and jams. The company generates most of its revenue from the Cake Decoration segment. Geographically, it derives a majority of revenue from the United Kingdom.

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