ABC Motors Co (XMAU:ABC) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is ABC Motors Co Momentum Rank?

ABC Motors Co 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.

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ABC Motors Co (XMAU:ABC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ABC Motors Co Ltd (XMAU:ABC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Military Road, ABC Centre, Port Louis, MUS

Website

https://www.abcmotors.mu

ABC Motors Co Ltd is the distributor of automotive vehicles. The principal activities of the Company comprise of the sales and service of vehicles, trucks, buses, forklifts and accessories of Nissan Motors Co. Ltd and UD Trucks Corporation.

ABC Motors Co (XMAU:ABC) Headlines

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