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Acma (FRA:AAX1) Momentum Rank : 0 (As of Jun. 12, 2024)


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What is Acma Momentum Rank?

Acma 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.

Acma Momentum Rank Related Terms

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Acma (FRA:AAX1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Acma Ltd (FRA:AAX1) » Definitions » Momentum Rank
Comparable Companies
SGX:5EW TSE:7315 TSE:6902 TSE:5108 XPAR:ML MBLY APTV XKRX:012330 TSX:MG SHSE:600660 XTER:CON LKQ ISX:ASII TSE:5802 TSE:7259 BOM:500530 SHSE:601689 XTER:HLE ALV SZSE:002920
Traded in Other Exchanges
AYV:Singapore
Address
17 Jurong Port Road, Singapore, SGP, 619092
Website
https://www.acmaltd.com
Acma Ltd manufactures and markets of proprietary fuel-saving products, moulds and precision plastic components in Singapore. It operates through three segments. The Tooling and Plastic Injection Moulding Segment, which is the key revenue driver, manufactures molds mainly for the automotive and electronics industries, and produces plastic-injected parts for the manufacturing sector; the Communications, Electronics, and Equipment Distribution segment supplies telecommunications, electronics and packaged air-conditioners; the Investment segment.

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