Aumake (ASX:AUK) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Aumake Momentum Rank?

Aumake 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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Aumake (ASX:AUK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Aumake Ltd (ASX:AUK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Station Street East, Level 15, Suite 15.52, Parramatta, Sydney, NSW, AUS, 2150

Website

https://www.aumake.com.au

Aumake Ltd is a retail company. It is engaged in the sale of Australian products through its online e-commerce store and its retail stores namely AuMake, Broadway, and Kiwi-Buy. The company offers products such as Healthcare, Skin and body care cosmetics, Dairy products and baby food, Wool & leather, among others. Its geographical segments include Australia and New Zealand, of which the vast majority of revenue is derived from Australia.

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