Tanfield Group (AQSE:TAN.GB) Momentum Rank : 0 (As of Dec. 14, 2024)

View and export this data going back to 2007. Start your Free Trial

What is Tanfield Group Momentum Rank?

Tanfield Group 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.

Tanfield Group Momentum Rank Related Terms

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

Tanfield Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tanfield Group PLC (AQSE:TAN.GB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TAN:UK

Address

c/o Weightmans LLP, 1 St James' Gate, Newcastle upon Tyne, Tyne and Wear, GBR, NE99 1YQ

Website

https://www.tanfieldgroup.com

Tanfield Group PLC is a UK-based investment company. It holds an investment in Smith Electric Vehicles Corp and Snorkel International Holdings LLC. The investment objective of the company is to maximize its capital structure of debt and equity to minimize its cost of capital and protect returns to shareholders.

Tanfield Group Headlines

No Headlines