Frontier Digital Ventures (ASX:FDV) Momentum Rank : 10 (As of Jun. 05, 2024)

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What is Frontier Digital Ventures Momentum Rank?

Frontier Digital Ventures has the Momentum Rank of 10.

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 Frontier Digital Ventures's Momentum Rank

For the Internet Content & Information subindustry, Frontier Digital Ventures'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.

Frontier Digital Ventures's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Frontier Digital Ventures's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Frontier Digital Ventures's Momentum Rank falls into.

Frontier Digital Ventures Momentum Rank Related Terms

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

Frontier Digital Ventures (ASX:FDV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Frontier Digital Ventures Ltd (ASX:FDV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

39-8, The Boulevard Mid Valley City, Lingkaran Syed Putra, Kuala Lumpur, MYS, 59200

Website

https://www.frontierdv.com

Frontier Digital Ventures Ltd develops online classifieds businesses in underdeveloped, emerging countries or regions. It deals in property verticals, automotive verticals, and general classified websites.

Frontier Digital Ventures (ASX:FDV) Headlines

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