LXRandCo (TSX:LXR) Momentum Rank : 0 (As of Jun. 06, 2024)

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What is LXRandCo Momentum Rank?

LXRandCo 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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LXRandCo (TSX:LXR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » LXRandCo Inc (TSX:LXR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

7399 Boulevard, Saint-Laurent, Montreal, QC, CAN, H2R 2W5

Website

https://www.lxrco.com

LXRandCo Inc is a socially responsible, digital-first omnichannel retailer of authenticated pre-owned luxury handbags and personal accessories. It provides consumers with authenticated branded luxury products by promoting their reuse and by providing an environmentally responsible way for consumers to purchase luxury products. The operating segment includes sales from two primary distribution channels: the Company's e-commerce activities, which comprise its website and partner websites, and retail channels, which include its own stores and wholesale partner retail stores.

LXRandCo (TSX:LXR) Headlines

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