MFF Capital Investments (ASX:MFF) Momentum Rank : 9 (As of May. 26, 2024)

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What is MFF Capital Investments Momentum Rank?

MFF Capital Investments has the Momentum Rank of 9.

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 MFF Capital Investments's Momentum Rank

For the Asset Management subindustry, MFF Capital Investments'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.

MFF Capital Investments's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, MFF Capital Investments's Momentum Rank distribution charts can be found below:

* The bar in red indicates where MFF Capital Investments's Momentum Rank falls into.

MFF Capital Investments Momentum Rank Related Terms

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MFF Capital Investments (ASX:MFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MFF Capital Investments Ltd (ASX:MFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Martin Place, Level 36, Sydney, NSW, AUS, 2000

Website

https://www.mffcapital.com.au

MFF Capital Investments Ltd is an asset management company. The company invests in a minimum of twenty exchange-listed international and Australian companies. The company's investments are managed on a single portfolio basis, and in one business segment being equity investment, and in one geographic segment, Australia. The investment objective of the firm is to maximize compound risk-adjusted after-tax returns for shareholders by identifying and investing in a minimum of 20 stock exchange listed international and Australian companies with a focus upon those assessed to have attractive business characteristics, at a discount to their assessed intrinsic values.

MFF Capital Investments (ASX:MFF) Headlines

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