Ambipar Participacoes e Empreendimentos (BSP:AMBP3) Momentum Rank : 4 (As of May. 10, 2024)

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What is Ambipar Participacoes e Empreendimentos Momentum Rank?

Ambipar Participacoes e Empreendimentos has the Momentum Rank of 4.

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 Ambipar Participacoes e Empreendimentos's Momentum Rank

For the Waste Management subindustry, Ambipar Participacoes e Empreendimentos'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.

Ambipar Participacoes e Empreendimentos's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Ambipar Participacoes e Empreendimentos's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ambipar Participacoes e Empreendimentos's Momentum Rank falls into.

Ambipar Participacoes e Empreendimentos Momentum Rank Related Terms

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Ambipar Participacoes e Empreendimentos (BSP:AMBP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Ambipar Participacoes e Empreendimentos SA (BSP:AMBP3) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Pacaembu, 1088, Pacaembu, Sao Paulo, SP, BRA, 01234-000

Website

https://www.ambipar.com

Ambipar Participacoes e Empreendimentos SA is engaged in providing environmental services to several private clients in Latin America. Through its Environment segment, the company provides complete solutions in waste management and recovery, with the support of a center for research, development, and innovation. Its response segment provides prevention, training, and emergency assistance to accidents with chemicals and pollutants and firefighting.

Ambipar Participacoes e Empreendimentos (BSP:AMBP3) Headlines

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