Peppermint Innovation (ASX:PIL) Momentum Rank : 0 (As of Jun. 05, 2024)

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What is Peppermint Innovation Momentum Rank?

Peppermint Innovation 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.

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Peppermint Innovation (ASX:PIL) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Murray Street, Off Raine Lane, Level 2 East, The Wentworth Building, Perth, WA, AUS, 6000

Website

https://www.pepltd.com.au

Peppermint Innovation Ltd focused on the commercialisation, deployment, and further development of the Peppermint Platform which is focused on the development of a proprietary financial technology solution aimed at delivering financial inclusion to the unbanked and underbanked, facilitating mobile micro business enterprise and providing consumer convenience. The Company operates in three segments: Mobile Banking and Payment Services, which is the key revenue generator; International Remittance; corporate and Head Office.

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