Clean Tech Biofuels (Clean Tech Biofuels) Momentum Rank : 0 (As of May. 24, 2024)

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What is Clean Tech Biofuels Momentum Rank?

Clean Tech Biofuels 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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Clean Tech Biofuels (Clean Tech Biofuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Clean Tech Biofuels Inc (OTCPK:CLTH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

7386 Pershing Avenue, St. Louis, MO, USA, 63130

Website

http://www.cleantechbiofuels.net

Clean Tech Biofuels Inc is a development stage company engaged in providing cellulosic biomass derived from municipal solid waste (MSW). The company involves in producing energy and other chemical products, and recyclables (metals, plastics, and glass) from the MSW. Its biomass recovery process which is based on the pressurized steam classification (PSC) technology cleans and separates MSW and generates a clean, homogeneous biomass feedstock. It focuses on designing, building and operating a commercial biomass recovery plant that will allow the company to produce biomass feedstock for its customers.

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