Pepper Money (ASX:PPM) Momentum Rank : 10 (As of May. 25, 2024)

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What is Pepper Money Momentum Rank?

Pepper Money has the Momentum Rank of 10.

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 Pepper Money's Momentum Rank

For the Credit Services subindustry, Pepper Money'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.

Pepper Money's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Pepper Money's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Pepper Money's Momentum Rank falls into.

Pepper Money Momentum Rank Related Terms

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Pepper Money (ASX:PPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Pepper Money Ltd (ASX:PPM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

X95:Germany

Address

177 Pacific Highway, Level 27, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.pepper.com.au

Pepper Money Ltd provides a variety of home loan solutions. It also provides car loans, personal loans, loans for professional equipment, and commercial loans. The services offered by the company include Lending, Asset Servicing, Broker Portal, and Debt Investors. The company operates in three reportable segments Mortgage, Asset Finance, and Loan and Other Servicing. The maximum revenue is derived from the Asset finance segment. The Asset finance segment includes financing a range of asset types for consumer and commercial customers.

Pepper Money (ASX:PPM) Headlines

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