Ariadne Australia (Ariadne Australia) Momentum Rank : 1 (As of May. 13, 2024)

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What is Ariadne Australia Momentum Rank?

Ariadne Australia has the Momentum Rank of 1.

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 Ariadne Australia's Momentum Rank

For the Asset Management subindustry, Ariadne Australia'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.

Ariadne Australia's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ariadne Australia's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ariadne Australia's Momentum Rank falls into.

Ariadne Australia Momentum Rank Related Terms

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Ariadne Australia (Ariadne Australia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ariadne Australia Ltd (GREY:ADNOF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ARA:Australia

Address

2 Chifley Square, Level 27, Chifley Tower, Sydney, NSW, AUS, 2000

Website

https://www.ariadne.com.au

Ariadne Australia Ltd is an investment company with operations in Australia and New Zealand. Its objective is to hold a portfolio of assets and investments to provide attractive investment returns which can generate regular dividends to shareholders and capital growth in the value of the shareholder's investments. It has two reportable segments. The investment division comprises the group's investments in securities. The property division includes all results derived from property and marina assets held by the group, either directly or through joint venture entities or joint venture operations.

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