Greenbriar Sustainable Living (TSXV:GRB) Momentum Rank : 9 (As of May. 01, 2024)

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What is Greenbriar Sustainable Living Momentum Rank?

Greenbriar Sustainable Living has the Momentum Rank of 9.

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 Greenbriar Sustainable Living's Momentum Rank

For the Utilities - Renewable subindustry, Greenbriar Sustainable Living'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.

Greenbriar Sustainable Living's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Greenbriar Sustainable Living's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Greenbriar Sustainable Living's Momentum Rank falls into.

Greenbriar Sustainable Living Momentum Rank Related Terms

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Greenbriar Sustainable Living (TSXV:GRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Greenbriar Sustainable Living Inc (TSXV:GRB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GEBRF:USA

Address

632 Foster Avenue, Coquitlam, BC, CAN, V3J 2L7

Website

https://www.greenbriarcapitalcorp.ca

Greenbriar Sustainable Living Inc formerly Greenbriar Capital Corp is engaged in developing entry-level housing, renewable energy, green technology and sustainable investment projects. The activities of the company include acquisition, management, development, and sale of real estate and renewable energy projects. Some of the company's projects are Montalva Solar Project, Sage Ranch Sustainable Real Estate Project, Ridge Utilities Solar Project and West Lake Solar Project.

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