Air Transport Services Group (FRA:AW8) Momentum Rank : 2 (As of May. 04, 2024)

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What is Air Transport Services Group Momentum Rank?

Air Transport Services Group has the Momentum Rank of 2.

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 Air Transport Services Group's Momentum Rank

For the Airlines subindustry, Air Transport Services Group'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.

Air Transport Services Group's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air Transport Services Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Air Transport Services Group's Momentum Rank falls into.

Air Transport Services Group Momentum Rank Related Terms

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Air Transport Services Group (FRA:AW8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air Transport Services Group Inc (FRA:AW8) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ATSG:USA

Address

145 Hunter Drive, Wilmington, OH, USA, 45177

Website

https://www.atsginc.com

Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry. It leases aircraft and provides airline operations, ground services, aircraft modification and maintenance, and other support services mainly to the cargo transportation and package delivery industries. The company has two reportable segments namely Cargo Aircraft Management and ACMI Services (Aircraft, Crew, Maintenance, and Insurance). It generates a majority of its revenue from the ACMI services segment.

Air Transport Services Group (FRA:AW8) Headlines

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