Ambari Brands (XCNQ:AMB) Momentum Rank : 0 (As of May. 24, 2024)

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What is Ambari Brands Momentum Rank?

Ambari 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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Ambari Brands (XCNQ:AMB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ambari Brands Inc (XCNQ:AMB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AMBBF:USA Y92:Germany

Address

905 West Pender Street, 6th Floor, Vancouver, BC, CAN, V6C 1L6

Website

https://www.ambaribeauty.com

Ambari Brands Incy is an emerging cosmetic company. It is a luxury, performance-driven skincare company, whose line of products is based on its customized Blend, which combines high levels of active ingredients, smart adaptogens, and broad-spectrum CBD. The firm has developed three core products - the Gold Profection22 Mask, the PM Active12 Serum and the Complex4 Hydrator Cream. The company's products are currently sold directly through its e-commerce platform, as well as through select luxury retailers online.

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