Impax Asset Management Group (LSE:IPX) Momentum Rank : 4 (As of May. 19, 2024)

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What is Impax Asset Management Group Momentum Rank?

Impax Asset Management Group has the Momentum Rank of 4.

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 Impax Asset Management Group's Momentum Rank

For the Asset Management subindustry, Impax Asset Management Group'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.

Impax Asset Management Group's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Impax Asset Management Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Impax Asset Management Group's Momentum Rank falls into.

Impax Asset Management Group Momentum Rank Related Terms

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Impax Asset Management Group (LSE:IPX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Impax Asset Management Group PLC (LSE:IPX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IPXAF:USA LW4:Germany

Address

30 Panton Street, 7th Floor, London, GBR, SW1Y 4AJ

Website

https://www.impaxam.com

Impax Asset Management Group PLC is an investment firm. It operates in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable economy. The company offers listed and private equity strategies to institutional clients, with assets under management and advice. Geographically, it derives a majority of revenue from North America and also has a presence in UK; France; Luxembourg; Netherlands; Ireland; Australia and other regions.