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Airports of Vietnam (HSTC:ACV) Momentum Rank : 0 (As of May. 26, 2024)


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What is Airports of Vietnam Momentum Rank?

Airports of Vietnam 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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Airports of Vietnam (HSTC:ACV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Airports Corp. of Vietnam (HSTC:ACV) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
No. 58 Truong Son, Ward 2, Tan Binh District, Vietnam Airport Corporation Building, Ho Chi Minh, VNM
Website
https://www.vietnamairport.vn
Airports Corp. of Vietnam is engaged in managing international and domestic airports. The company is involved in investment, management of capital investments, direct manufacturing at airports, and aerodromes; Provision of services of aviation safety; Supply of technical services, science and technology services both domestic and offshore areas; and other related activities.