Peregrine Industries (Peregrine Industries) Momentum Rank : 7 (As of Jun. 08, 2024)

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What is Peregrine Industries Momentum Rank?

Peregrine Industries has the Momentum Rank of 7.

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.

Competitive Comparison of Peregrine Industries's Momentum Rank

For the Household & Personal Products subindustry, Peregrine Industries's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Peregrine Industries's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Peregrine Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Peregrine Industries's Momentum Rank falls into.

Peregrine Industries Momentum Rank Related Terms

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Peregrine Industries (Peregrine Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Peregrine Industries Inc (OTCPK:PGID) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

4525 West Reno Avenue, Suite A5, Las Vegas, NV, USA, 89118

Website

http://www.peregrineindustries.com.au

Peregrine Industries Inc is a shell company.

Executives

Yair Fudim	director, officer: CEO	7 JABOTINSKY STREET, RAMAT GAN L3 52520
Ofer Naveh	officer: CFO	7 JABOTINSKY STREET, RAMAT GAN L3 52520
Ivo Heiden	10 percent owner	2275 HUNTINGTON DRIVE, SUITE 851, SAN MARINO CA 91108
Richard J Rubin	director, 10 percent owner, officer: CEO, CFO and Chairman	90 JOHN STREET, SUITE 626, NEW YORK NY 10038
Craft Thomas J Jr	10 percent owner	11000 PROSPERITY FARMS ROAD, SUITE 101, PALM BEACH GARDENS FL 33401

Peregrine Industries (Peregrine Industries) Headlines

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