Chesswood Group (Chesswood Group) Momentum Rank : 8 (As of Apr. 28, 2024)

View and export this data going back to 2011. Start your Free Trial

What is Chesswood Group Momentum Rank?

Chesswood Group has the Momentum Rank of 8.

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 Chesswood Group's Momentum Rank

For the Credit Services subindustry, Chesswood 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.

Chesswood Group's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Chesswood Group's Momentum Rank distribution charts can be found below:

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

Chesswood Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of Chesswood Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Chesswood Group (Chesswood Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Chesswood Group Ltd (OTCPK:CHWWF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CHW:Canada

Address

1133 Yonge Street, Suite 603, Toronto, ON, CAN, M4T 2Y7

Website

https://www.chesswoodgroup.com

Chesswood Group Ltd is a holding company whose subsidiaries engage in the business of specialty finance (including equipment finance throughout North America, and vehicle finance in Canada), as well as the origination and management of private credit alternatives for North American investors. The company's operations consist of U.S. Equipment Financing Segment, Canadian Equipment Financing Segment, Canadian Auto Financing Segment, and Asset Management Segment. The US Equipment Financing business, which is the key revenue driver, is located in the US and is involved in small-ticket equipment leasing and lending to small and medium-sized businesses.

Chesswood Group (Chesswood Group) Headlines

From GuruFocus

Castlelake and Chesswood Announce Forward Flow Purchase Agreement for Equipment Loan and Lease Receivables

By PRNewswire PRNewswire • 03-16-2022