Impax Environmental Markets (LSE:IEM) Momentum Rank : 5 (As of May. 31, 2024)

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What is Impax Environmental Markets Momentum Rank?

Impax Environmental Markets has the Momentum Rank of 5.

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 Impax Environmental Markets's Momentum Rank

For the Asset Management subindustry, Impax Environmental Markets'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.

Impax Environmental Markets's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Impax Environmental Markets's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Impax Environmental Markets's Momentum Rank falls into.

Impax Environmental Markets Momentum Rank Related Terms

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Impax Environmental Markets (LSE:IEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Impax Environmental Markets PLC (LSE:IEM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IEMl:UK

Address

125 London Wall, 6th Floor, London, GBR, EC2Y 5AS

Website

https://www.impaxenvironmentalmarkets.co.uk

Impax Environmental Markets PLC is an investment trust company that is engaged in portfolio management. The company's investment objective is to enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water, and waste. It invests in quoted companies that provide, utilize, implement, or advise upon technology-based systems, products, or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management.

Impax Environmental Markets (LSE:IEM) Headlines

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