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Redwood Scientific Technologies (Redwood Scientific Technologies) Momentum Rank : 3 (As of Jun. 04, 2024)


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What is Redwood Scientific Technologies Momentum Rank?

Redwood Scientific Technologies has the Momentum Rank of 3.

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 Redwood Scientific Technologies's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Redwood Scientific Technologies'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.

Redwood Scientific Technologies's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Redwood Scientific Technologies's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Redwood Scientific Technologies's Momentum Rank falls into.


Redwood Scientific Technologies Momentum Rank Related Terms

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Redwood Scientific Technologies (Redwood Scientific Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Redwood Scientific Technologies Inc (OTCPK:RSCI) » Definitions » Momentum Rank
Comparable Companies
HSTI BOM:512101 BOM:524322 BOM:524661 BOM:531686 TSXV:CIP.H BOM:524516 XCNQ:WRW BKIT BOM:531521 BOM:531015 XCNQ:DYME BOM:524606 BOM:526075 XCNQ:MJRX BOM:531762 YBAO XCNQ:RLSC BOM:533157 BOM:539680
Traded in Other Exchanges
N/A
Address
810 North Mountain Avenue, Suite 100, Upland, CA, USA, 91786
Website
https://www.redwoodsci.co
Redwood Scientific Technologies Inc is a pharmaceutical delivery company that develops, operates, and markets FDA-registered consumer homeopathic drugs and supplements. It utilized patent-pending sublingual strip delivery technology. It offers a product called TBX-FREE which is an oral strip that helps smokers safely and effectively eliminate the craving to smoke.