AJU IB Investment Co (XKRX:027360) Momentum Rank : 9 (As of May. 24, 2024)

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What is AJU IB Investment Co Momentum Rank?

AJU IB Investment Co has the Momentum Rank of 9.

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 AJU IB Investment Co's Momentum Rank

For the Asset Management subindustry, AJU IB Investment Co'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.

AJU IB Investment Co's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, AJU IB Investment Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where AJU IB Investment Co's Momentum Rank falls into.

AJU IB Investment Co Momentum Rank Related Terms

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AJU IB Investment Co (XKRX:027360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AJU IB Investment Co Ltd (XKRX:027360) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

AJU Building, 201, 135-978 4th~5th Floor, Teheranro, Gangnam-Gu, Seoul, KOR

Website

http://www.ajuib.co.kr

AJU IB Investment Co Ltd is the venture capital company in Korea, is an excellent partner that comprehensively supports start-up businesses and IPO of SMEs and venture companies with investment, finance, management, technical support, mergers and acquisitions. By actively investing not only in the Korean but also overseas markets, the company is growing and developing into a global venture and private equity investment company that leads the growth of small and medium-sized venture companies.

AJU IB Investment Co (XKRX:027360) Headlines

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