GURUFOCUS.COM » STOCK LIST » Technology » Software » AgiiPlus Inc (NAS:AGII) » Definitions » Momentum Rank

AgiiPlus (AgiiPlus) Momentum Rank : 0 (As of Apr. 28, 2024)


View and export this data going back to 2023. Start your Free Trial

What is AgiiPlus Momentum Rank?

AgiiPlus 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.


AgiiPlus Momentum Rank Related Terms

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


AgiiPlus (AgiiPlus) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
222 Hubin Road, Distrii Center, 18th Floor, Link Square 1, Huangpu District, Shanghai, CHN, 200021
AgiiPlus Inc offers an integrated platform connecting onsite workspaces and digital services through technology. Through its subsidiaries, AgiiPlus offers office leasing and enterprise services under the brand "Tangtang," and, through its subsidiaries, AgiiPlus maintains the Distrii app, the proprietary official app for workspace members, offering AgiiPlus' workspace members a seamless experience beyond physical spaces with easy access to enterprise services. The firm has one operating segment with three revenue streams including workspace leasing & operation revenue, renovation & smart building technology revenue, and brokerage & enterprise service revenue.

AgiiPlus (AgiiPlus) Headlines

No Headlines