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Adelphia Recovery Trust (Adelphia Recovery Trust) Momentum Rank : 0 (As of Jun. 13, 2024)


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What is Adelphia Recovery Trust Momentum Rank?

Adelphia Recovery Trust 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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Adelphia Recovery Trust (Adelphia Recovery Trust) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Adelphia Recovery Trust (GREY:ADPAJ) » Definitions » Momentum Rank
Comparable Companies
WODI BOM:538575 XLIS:LIT WAR:ICP BMMCF XCNQ:AYL WAR:ACA XBRU:ALEVA WAR:TXN WAR:BTG WAR:CWA BOM:523712 WAR:MMC WAR:NFP WAR:MBF BOM:530177 BOM:537784 BOM:539403 TSXV:BYM.H BOM:540945
Traded in Other Exchanges
N/A
Address
919 North Market Street, 17th Floor, P.O. Box 8705, Wilmington, DE, USA, 19899
Website
Adelphia Recovery Trust is a statutory trust. The company's purpose is to prosecute the various causes of action transferred, pursuant to the plan and distribute to the owners of the interests in the company the net proceeds of such causes of action. Geographically, the activities are carried out through the region of United States.

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