FleetPartners Group (ASX:FPR) Momentum Rank : 6 (As of May. 13, 2024)

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What is FleetPartners Group Momentum Rank?

FleetPartners Group has the Momentum Rank of 6.

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 FleetPartners Group's Momentum Rank

For the Rental & Leasing Services subindustry, FleetPartners Group'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.

FleetPartners Group's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, FleetPartners Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where FleetPartners Group's Momentum Rank falls into.

FleetPartners Group Momentum Rank Related Terms

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FleetPartners Group (ASX:FPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FleetPartners Group Ltd (ASX:FPR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Pacific Highway, Level 6, St Leonards, Sydney, NSW, AUS, 2065

Website

https://www.fleetpartners.com.au

FleetPartners Group Ltd is a provider of fleet leasing and fleet management services that operates across Australia and New Zealand. The company offers consumers and businesses access to funding solutions including fleet leasing, novated leasing, and salary packaging solutions. Its business segments include Australia commercial, novated, and New Zealand commercial, with the majority of revenue flowing from Australia commercial. Australia commercial provides fleet leasing and management services; novated provides novated leasing and salary packaging services in Australia, and New Zealand commercial provides fleet leasing, management, and vehicle dealerships. Some of its brands include FleetPartners, FleetPlus and FleetChoice.

FleetPartners Group (ASX:FPR) Headlines

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