GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Atlas Honda Ltd (KAR:ATLH) » Definitions » Momentum Rank

Atlas Honda (KAR:ATLH) Momentum Rank : 0 (As of Jun. 03, 2024)


View and export this data going back to 1965. Start your Free Trial

What is Atlas Honda Momentum Rank?

Atlas Honda 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.


Atlas Honda Momentum Rank Related Terms

Thank you for viewing the detailed overview of Atlas Honda's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Atlas Honda (KAR:ATLH) Business Description

Traded in Other Exchanges
N/A
Address
1 Mcleod Road, Lahore, PB, PAK, 54000
Atlas Honda Ltd is an auto part and vehicle manufacturer in Pakistan. The company manufactures and markets motorcycles and spare parts through a network of dealers in collaboration with the Honda Motor Company. The company also manufactures various components in-house in collaboration.

Atlas Honda (KAR:ATLH) Headlines

No Headlines