GreenFirst Forest Products (TSX:GFP) Momentum Rank : 1 (As of May. 11, 2024)

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What is GreenFirst Forest Products Momentum Rank?

GreenFirst Forest Products has the Momentum Rank of 1.

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 GreenFirst Forest Products's Momentum Rank

For the Lumber & Wood Production subindustry, GreenFirst Forest Products'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.

GreenFirst Forest Products's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, GreenFirst Forest Products's Momentum Rank distribution charts can be found below:

* The bar in red indicates where GreenFirst Forest Products's Momentum Rank falls into.

GreenFirst Forest Products Momentum Rank Related Terms

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GreenFirst Forest Products (TSX:GFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » GreenFirst Forest Products Inc (TSX:GFP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ICLTF:USA IMT:Germany

Address

401 The West Mall, Suite 1000, Vancouver, BC, CAN, M9C 5J5

Website

https://www.greenfirst.ca

GreenFirst Forest Products Inc is a forest-first business, focused on sustainable forest management and lumber production. The Company operates through two business segments: forest products and paper products. Through its forest products segment, the Company produces and markets a wide range of forest products for use in residential and commercial construction, including SPF lumber, wood chips, and by-products. The Paper Products segment manufactures and sells paper-grade products used in printing newspapers, promotional materials, food service bags, and other related paper products.

Executives

Michael Clark Mitchell

Director

GreenFirst Forest Products (TSX:GFP) Headlines

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