ARN Media (ASX:A1N) Momentum Rank : 5 (As of May. 14, 2024)

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What is ARN Media Momentum Rank?

ARN Media has the Momentum Rank of 5.

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 ARN Media's Momentum Rank

For the Broadcasting subindustry, ARN Media'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.

ARN Media's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, ARN Media's Momentum Rank distribution charts can be found below:

* The bar in red indicates where ARN Media's Momentum Rank falls into.

ARN Media Momentum Rank Related Terms

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ARN Media (ASX:A1N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ARN Media Ltd (ASX:A1N) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Byfield Street, Macquarie Park, Sydney, NSW, AUS, 2113

Website

https://www.arn.com.au

ARN Media Ltd is one of Australia's leading Broadcast and On-demand audio companies. It is Defining Audio through even more Connections That Count, ARN has ownership of approx 58 radio stations across 33 markets plus 46 DAB+ stations nationwide in addition to the digital entertainment platform, iHeartRadio.

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