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Asia Amalgamated Holdings (PHS:AAA) Momentum Rank : 0 (As of May. 17, 2024)


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What is Asia Amalgamated Holdings Momentum Rank?

Asia Amalgamated Holdings 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.

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Asia Amalgamated Holdings (PHS:AAA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Asia Amalgamated Holdings Corp (PHS:AAA) » Definitions » Momentum Rank
Comparable Companies
PECK SGX:5NV TPE:3027 TSE:9849 SHRG DTSS TGLO TSE:3004 XKLS:0040 TSXV:CANB TSE:4840 BKK:ACC-R XKLS:4596 PGID HKSE:00885 TSXV:ASB.H COL:GREG.N0000 TPE:1435 ROCO:8410 BKK:ETE-R
Traded in Other Exchanges
N/A
Address
Uniwide, 1695 Rizal Avenue Extension, Grace Park, Caloocan, PHL
Website
http://www.uni-wide.com
Asia Amalgamated Holdings Corp primary purpose to that of a holding company. It made significant investments in various businesses such as financial and banking services, distribution of household water filtration equipment and industrial waste water treatment, water transport services, and non-life insurance brokerage.

Asia Amalgamated Holdings (PHS:AAA) Headlines

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