GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Flow Beverage Corp (TSX:FLOW) » Definitions » Momentum Rank

Flow Beverage (TSX:FLOW) Momentum Rank : 0 (As of Jun. 07, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Flow Beverage Momentum Rank?

Flow Beverage 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.

Flow Beverage Momentum Rank Related Terms

Thank you for viewing the detailed overview of Flow Beverage's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Flow Beverage (TSX:FLOW) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Flow Beverage Corp (TSX:FLOW) » Definitions » Momentum Rank
Comparable Companies
TSXV:MUSH TSXV:HILL XCNQ:MILK KO PEP HKSE:09633 MNST KDP LSE:CCEP AC COCSF NSE:VBL CELH LSE:CCH TSE:2267 COKE FIZZ SHSE:603156 IST:CCOLA TSE:2593
Traded in Other Exchanges
FLWBF:USA
Address
155 Industrial Parkway South, Unit 7-10, Aurora, ON, CAN, L4G 3G6
Website
https://www.flowhydration.com
Flow Beverage Corp is a health and wellness-focused beverage company at the convergence of three important trends in the consumer-packaged goods industry including functional ingredients, sustainable packaging and supply chain and premium quality. It markets its premium alkaline spring water in Canada and the United States in original unflavoured and a range of organic flavors in various sizes.