Adways (FRA:A02) Momentum Rank : 1 (As of May. 27, 2024)

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What is Adways Momentum Rank?

Adways 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 Adways's Momentum Rank

For the Internet Content & Information subindustry, Adways'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.

Adways's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Adways's Momentum Rank distribution charts can be found below:

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

Adways Momentum Rank Related Terms

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Adways (FRA:A02) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Adways Inc (FRA:A02) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

2489:Japan

Address

Sumitomo Fudousan Shinjuku OakTower 4th floor, Tokyo, JPN

Website

http://www.adways.net

Adways Inc engages in the provision of advertising services. It also deals with mobile applications and contents development for media advertising. Its operations include advertising business, applications and media business, overseas business. The advertising business covers primarily internet advertisements. The applications and media business develops and manages smartphone applications and media contents. The overseas business offers internet marketing services overseas.

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