Good Natured Products (TSXV:GDNP) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is Good Natured Products Momentum Rank?

Good Natured Products 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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Good Natured Products (TSXV:GDNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Good Natured Products Inc (TSXV:GDNP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GDNPF:USA 2VL:Germany

Address

814 - 470 Granville Street, Vancouver, BC, CAN, V6C 1V5

Website

https://www.goodnatured.ca

Good Natured Products Inc offers a broad assortment of plant-based products. All of the Company's operations are within the packaging and consumer goods manufacturing industry. The Company manufactures and/or sources over 400 products that are grouped into five business groups: General Merchandise, Packaging, Industrial, Commercial Supplies, and Services. The Company offers its products through wholesale, direct to business, and retail channels.

Executives

James Noel Harvey

Senior Officer

Good Natured Products (TSXV:GDNP) Headlines

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