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Vehicle Axle Manufacturing Co (VAMCO) (XTEH:TMKH1) Momentum Rank : 0 (As of May. 23, 2024)


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What is Vehicle Axle Manufacturing Co (VAMCO) Momentum Rank?

Vehicle Axle Manufacturing Co (VAMCO) 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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Vehicle Axle Manufacturing Co (VAMCO) (XTEH:TMKH1) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vehicle Axle Manufacturing Co (VAMCO) (XTEH:TMKH1) » Definitions » Momentum Rank
Comparable Companies
WAR:MTR BOM:523415 BOM:505711 ORSE:RAR1R BOM:513418 OSTO:AUTO BOM:530721 PFTI TSXV:SSA OMTK FNHI BOM:530711 ORSE:DPK1R WAR:CZK BSP:MWET4 WAR:ALS BOM:513687 BOM:505893 WAR:PLG BOM:513059
Traded in Other Exchanges
N/A
Address
Shahid Mirqasemi Alley, Azadi Street, Azadi Square, No. 32, Tehran, IRN, 1341647547
Website
https://www.vamco.ir
Vehicle Axle Manufacturing Co (VAMCO) builds and assembles front and rear axles for vehicles. The company designs, manufactures, and supplies various car parts and provides technical services.

Vehicle Axle Manufacturing Co (VAMCO) (XTEH:TMKH1) Headlines

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