Aspen Group (ASX:APZ) Momentum Rank : 4 (As of Apr. 29, 2024)

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What is Aspen Group Momentum Rank?

Aspen Group has the Momentum Rank of 4.

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 Aspen Group's Momentum Rank

For the Real Estate - Diversified subindustry, Aspen 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.

Aspen Group's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Aspen Group's Momentum Rank distribution charts can be found below:

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

Aspen Group Momentum Rank Related Terms

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Aspen Group (ASX:APZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aspen Group Ltd (ASX:APZ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AYV1:Germany

Address

285A Crown Street, Suite 21, Surry Hills, Sydney, NSW, AUS, 2010

Website

https://www.aspengroup.com.au

Aspen Group Ltd is an Australia-based company engaged in the business of investment in commercial and non-core development assets. It operates through the segment being investment properties within Australia.

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