Ajia Innogroup Holdings (Ajia Innogroup Holdings) Momentum Rank : 0 (As of Jun. 11, 2024)

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What is Ajia Innogroup Holdings Momentum Rank?

Ajia Innogroup Holdings 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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Ajia Innogroup Holdings (Ajia Innogroup Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ajia Innogroup Holdings Ltd (OTCPK:AJIA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

187 E. Warm Springs Road, Suite B307, Las Vegas, NV, USA, 89119

Website

http://www.ajiainnogroup.com

Ajia Innogroup Holdings Ltd is an all-in-one point-of-sale and restaurant management platform. As a cloud-based system built specifically for restaurants. AJIA offers advanced functionality including tableside ordering, quick menu modifications, real-time enterprise reporting, online ordering, and labor management on an easy-to-use interface.

Executives

Ajia Group Ltd

10 percent owner

FLAT/RM 303, 3F, AUSTIN TOWER, 22-26 AUSTIN AVENUE, TSIM SHA TSUI, KOWLOON K3 00000

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