GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avemio AG (XTER:3D6) » Definitions » Momentum Rank

Avemio AG (XTER:3D6) Momentum Rank : 0 (As of Jun. 12, 2024)


View and export this data going back to 2023. Start your Free Trial

What is Avemio AG Momentum Rank?

Avemio AG 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.

Avemio AG Momentum Rank Related Terms

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

Avemio AG (XTER:3D6) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avemio AG (XTER:3D6) » Definitions » Momentum Rank
Comparable Companies
FRA:PLEK VRSK LSE:EXPN EFX BAH XSWX:SGSN XPAR:BVI TRU FCN XSWX:DKSH TSE:6532 SZSE:300012 ASX:ALQ ICFI XPAR:IPS HURN LSE:DATA SZSE:002967 SHSE:603060 BOM:543398
Traded in Other Exchanges
3D6:Germany
Address
Königsallee 60f, Dusseldorf, DEU, 40212
Website
http://www.palgon.de
Avemio AG Formerly Palgon AG provides management consulting services. It offers marketing, distribution, and other services in the field of information technology, including the Internet and data processing and related fields. Further, the group is also involved in acquiring, selling, renting, and managing real estate.

Avemio AG (XTER:3D6) Headlines

No Headlines