Atlas Pearls (Atlas Pearls) Momentum Rank : 3 (As of May. 23, 2024)

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What is Atlas Pearls Momentum Rank?

Atlas Pearls has the Momentum Rank of 3.

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 Atlas Pearls's Momentum Rank

For the Luxury Goods subindustry, Atlas Pearls'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.

Atlas Pearls's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Atlas Pearls's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Atlas Pearls's Momentum Rank falls into.

Atlas Pearls Momentum Rank Related Terms

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Atlas Pearls (Atlas Pearls) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Atlas Pearls Ltd (OTCPK:APCFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ATP:Australia

Address

26 Railway Road, Subiaco, Perth, WA, AUS, 6008

Website

https://www.atlaspearls.com.au

Atlas Pearls Ltd is engaged in producing south sea pearls, with farming operations throughout Indonesia, and retail stores in Perth and Bali. The operating segments of the company are Loose pearls in Australia and Indonesia. The company derives a majority of its revenue from Loose pearls in Australia.

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