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Boosh Plant-Based Brands (Boosh Plant-Based Brands) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Boosh Plant-Based Brands Momentum Rank?

Boosh Plant-Based 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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Boosh Plant-Based Brands (Boosh Plant-Based Brands) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Boosh Plant-Based Brands Inc (OTCPK:VGGIF) » Definitions » Momentum Rank
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Traded in Other Exchanges
77I:Germany VEGI:Canada
Address
176 Street, Suite 103-6554, Surrey, BC, CAN, V3S 4G5
Website
https://www.booshfood.com
Boosh Plant-Based Brands Inc operates as a plant-based ready-to-eat food company. It distributes and sells plant-based frozen meals to grocery outlets and independent grocery stores throughout Canada. The company's segment includes Corporate; Snacks; Entrees and Appetizers. It generates maximum revenue from the Snacks segment.

Boosh Plant-Based Brands (Boosh Plant-Based Brands) Headlines

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