AECI (FRA:A7Z) Momentum Rank : 0 (As of May. 17, 2024)

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What is AECI Momentum Rank?

AECI 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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AECI (FRA:A7Z) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

AFEP.PFD:South Africa AFE:South Africa

Address

Woodlands Drive, 24 The Woodlands, First Floor, AECI Place, Woodmead, Sandton, Johannesburg, ZAF, 2191

Website

https://www.aeciworld.com

AECI Ltd manufactures and sells chemicals in five segments based on product type. AECI Mining segment, which generates majority of the revenue, sells explosives and mining-based chemicals to metals, coal, and diamond miners. AECI Chemicals segment supplies chemical raw materials to manufacturing, infrastructure, and industrial businesses. AECI Water segment provides integrated water treatment solutions, process chemicals and equipment solutions for a diverse range of applications. AECI Agri Health segment sell insecticides, herbicides, and fungicides to the agriculture industry. AECI Property Services & Corporate segment includes leasing and management in the office, industrial, and retail sectors.

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