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Avant Brands (Avant Brands) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Avant Brands Momentum Rank?

Avant Brands 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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Avant Brands (Avant Brands) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Avant Brands Inc (OTCPK:AVTBF) » Definitions » Momentum Rank
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XCNQ:CXXI XCNQ:MMEN XCNQ:ACRG.A.U XCNQ:GDNS TSXV:LSL TSX:AVCN TSXV:PCLO XCNQ:TIUM.U TSXV:CANB TSX:MDP ZTS XTER:MRK TSE:4502 LSE:HLN NSE:SUNPHARMA TSE:4523 TSE:4507 SZSE:000538 XSWX:SDZ HKSE:03692
Traded in Other Exchanges
1BU0:Germany AVNT:Canada
Address
1632 Dickson Avenue, Suite 335, Kelowna, BC, CAN, V1Y 7T2
Website
https://www.avantbrands.ca
Avant Brands Inc is an innovative premium cannabis company. It has multiple licensed and operational production facilities across Canada, which produce high-quality, handcrafted cannabis products for highly desired, and award-winning consumer brands, sold across both recreational and medical channels.