Ascential (LSE:ASCL) Momentum Rank : 10 (As of Jun. 04, 2024)

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What is Ascential Momentum Rank?

Ascential 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 Ascential's Momentum Rank

For the Advertising Agencies subindustry, Ascential'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.

Ascential's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Ascential's Momentum Rank distribution charts can be found below:

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

Ascential Momentum Rank Related Terms

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Ascential (LSE:ASCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ascential PLC (LSE:ASCL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AIAPF:USA ASCLl:UK

Address

33 Kingsway, London, GBR, WC2B 6UF

Website

https://www.ascential.com

Ascential PLC is engaged in providing specialist information, analytics, events, and digital commerce optimization to consumer brands and their ecosystems. The company has four operating segments; Digital Commerce includes measurement, optimization, and execution for digital commerce growth, Product Design includes consumer product trend forecasting, data, and insight to create world-class products and experiences, Marketing includes events, services, and tools to measure and optimize marketing creativity, media, and platform effectiveness and efficiency, and Retail and Financial Services includes events, data, and tools to improve performance and drive innovation in retail and financial services. The company generates the majority of its revenue from the Digital Commerce segment.

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