GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AoFrio Ltd (NZSE:AOF) » Definitions » Momentum Rank

AoFrio (NZSE:AOF) Momentum Rank : 0 (As of Jun. 02, 2024)


View and export this data going back to 2001. Start your Free Trial

What is AoFrio Momentum Rank?

AoFrio 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.

AoFrio Momentum Rank Related Terms

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

AoFrio (NZSE:AOF) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AoFrio Ltd (NZSE:AOF) » Definitions » Momentum Rank
Comparable Companies
NZSE:RAK SZSE:300750 XSWX:ABBN HAM:OSR VRT TSE:6503 XPAR:LR BKK:DELTA HUBB SZSE:300124 SZSE:300274 MIL:PRY SHSE:603195 BOM:517354 NVT XKRX:247540 BOM:542652 BOM:500093 TSE:6506 SHSE:600089
Traded in Other Exchanges
N/A
Address
21 Arrenway Drive, Rosedale, Auckland, NTL, NZL, 0632
Website
https://www.aofrio.com
AoFrio Ltd develops Internet of Things (IoT) solutions and manufactures, markets, and sells energy-saving, electronically commutated (EC) motors, connected controllers, and fans. The group is organized into two operating divisions - Motors and IoT. Geographically it is divided into three segments: the Americas, Asia Pacific, & Europe, the Middle East, and Africa, out of which the majority is from America. The Motors segment generates the vast majority of the revenues.

AoFrio (NZSE:AOF) Headlines

No Headlines