Pure Harvestorate Group (Pure Harvestorate Group) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Pure Harvestorate Group Momentum Rank?

Pure Harvestorate Group 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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Pure Harvestorate Group (Pure Harvestorate Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Pure Harvest Corporate Group Inc (OTCPK:PHCG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

8879 Forest Drive, Littleton, CO, USA, 80126

Website

https://www.pureharvestgroup.com

The Pure Harvest Corporate Group, Inc. (OTCQB: PHCG) is a publicly-traded holding company focused on emerging and high-growth industries. The PHCG team is committed to formulating, manufacturing, and distributing high-quality cannabis and hemp-derived cannabinoid consumer products in markets where it is legal to do so. The Company has developed numerous retail brands and product lines that are currently available for purchase in select markets. Pure Harvest intends to grow its cannabis, hemp-derived cannabinoids, and Test Kitchen operations and expand globally as the laws regarding cannabis are reviewed and rewritten to repeal their prohibition.