Angling Direct (LSE:ANG) Momentum Rank : 8 (As of May. 25, 2024)

View and export this data going back to 2017. Start your Free Trial

What is Angling Direct Momentum Rank?

Angling Direct has the Momentum Rank of 8.

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 Angling Direct's Momentum Rank

For the Specialty Retail subindustry, Angling Direct'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.

Angling Direct's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Angling Direct's Momentum Rank distribution charts can be found below:

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

Angling Direct Momentum Rank Related Terms

Thank you for viewing the detailed overview of Angling Direct's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Angling Direct (LSE:ANG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Angling Direct PLC (LSE:ANG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2D Wendover Road, Rackheath Industrial Estate, Rackheath, Norwich, Norfolk, GBR, NR13 6LH

Website

https://www.anglingdirect.co.uk

Angling Direct PLC is a United Kingdom-based fishing tackle retailer company. The company is engaged in the retail sale of sports goods, fishing gear, camping goods, boats, and bicycles. The company operates into two operating segments: Stores and Online. The company derives revenue from Retail store sales and E-commerce and also sells baits, additives, sunglasses, waders, boots, seat box accessories, buckets, rod pods, nets, indicators, reels, umbrellas, and other products and services. The company operates in the UK.

Angling Direct (LSE:ANG) Headlines

No Headlines