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Impax Asian Environmental Markets (LSE:IAEM) Momentum Rank : 0 (As of Jun. 05, 2024)


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What is Impax Asian Environmental Markets Momentum Rank?

Impax Asian Environmental Markets 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.

Impax Asian Environmental Markets Momentum Rank Related Terms

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Impax Asian Environmental Markets (LSE:IAEM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Impax Asian Environmental Markets PLC (LSE:IAEM) » Definitions » Momentum Rank
Comparable Companies
OCSI SFE XTAE:MTDS OSTO:CAT A LSE:PAM XBUL:4EH NSE:PILANIINVS TSX:FTN TSE:2174 LSE:AFM HKSE:06058 OHEL:TAALA LSE:MTW LSE:CBP XKRX:001510 LSE:ALM SUNS NZSE:FSF TSE:4765 MFAC
Traded in Other Exchanges
N/A
Address
Website
http://www.impaxenvironmentalmarkets.co.uk
Impax Asian Environmental Markets PLC is an investment company. Its investment objective is to generate long-term capital growth through investment in a diverse portfolio of companies in the markets for cleaner or more efficient delivery of basic services of energy, water and waste in the Asia Pacific Region.

Impax Asian Environmental Markets (LSE:IAEM) Headlines

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