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Green Impact Partners (TSXV:GIP) Momentum Rank : 0 (As of May. 24, 2024)


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What is Green Impact Partners Momentum Rank?

Green Impact Partners 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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Green Impact Partners (TSXV:GIP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Green Impact Partners Inc (TSXV:GIP) » Definitions » Momentum Rank
Comparable Companies
TSXV:WEB TSX:SPG TSXV:UGE TSXV:WHE TSXV:GRB TSXV:RE TSXV:REVV NEOE:MOVE TSX:SXI TSXV:NKW.H CEG ISX:BREN WBO:VER XPRA:CEZ OCSE:ORSTED SHSE:600025 SHSE:600905 BOM:541450 SZSE:001289 XLIS:EDPR
Traded in Other Exchanges
04B:Germany
Address
2207 - 4th Street S.W., Suite 400, Calgary, AB, CAN, T2S 1X1
Website
https://www.greenipi.com
Green Impact Partners Inc is a clean energy company with an operating portfolio of water and solids treatment and recycling facilities in North America. The company also has a portfolio of renewable natural gas and clean energy development projects. Its services include water and solids recycling management, disposal services, and energy product optimization services. Its operating segments are Water and Industrial, and Energy Production. The Water and Industrial segment consists of water, waste, and solids disposal and recycling services as well as other marketing operations. The Energy Production segment is currently comprised of multiple pre-production renewable energy projects.
Executives
Geeta Hanamantagouda Sankappanavar Director

Green Impact Partners (TSXV:GIP) Headlines

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