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Spot Coffee (Canada) (TSXV:SPP) Momentum Rank : 0 (As of May. 30, 2024)


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What is Spot Coffee (Canada) Momentum Rank?

Spot Coffee (Canada) 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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Spot Coffee (Canada) (TSXV:SPP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Spot Coffee (Canada) Ltd (TSXV:SPP) » Definitions » Momentum Rank
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Traded in Other Exchanges
SCFFF:USA
Address
141, Adelaide Street West, Suite 1007, Toronto, ON, CAN, M5H 3L5
Website
https://www.spotcoffee.com
Spot Coffee (Canada) Ltd is a Canada-based company that designs, builds, and operates community-oriented cafes. It provides customer service, light meals, and in-house roasted gourmet coffee. The company's geographical segments include Canada and the United States of America. It derives a majority of revenue from the United States of America. The company generates maximum revenue from retail sales.
Executives
Anton Michel Ayoub Director, Senior Officer

Spot Coffee (Canada) (TSXV:SPP) Headlines

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