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Adways (Adways) Momentum Rank : 0 (As of May. 29, 2024)


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What is Adways Momentum Rank?

Adways 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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Adways (Adways) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Adways Inc (OTCPK:ADWYF) » Definitions » Momentum Rank
Comparable Companies
TSE:3922 TSE:3843 TSE:9467 TSE:4436 TSE:3926 TSE:6562 TSE:2440 TSE:2120 TSE:3989 TSE:2477 GOOGL META HKSE:00700 XAMS:PRX BIDU SPOT DASH JSE:NPN HKSE:01024 XKRX:035420
Traded in Other Exchanges
2489:Japan
Address
Sumitomo Fudousan Shinjuku OakTower 4th floor, Tokyo, JPN
Website
http://www.adways.net
Adways Inc engages in the provision of advertising services. It also deals with mobile applications and contents development for media advertising. Its operations include advertising business, applications and media business, overseas business. The advertising business covers primarily internet advertisements. The applications and media business develops and manages smartphone applications and media contents. The overseas business offers internet marketing services overseas.

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