GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ameri Metro Inc (OTCPK:ARMT) » Definitions » Momentum Rank

Ameri Metro (Ameri Metro) Momentum Rank : 0 (As of Jun. 25, 2024)


View and export this data going back to 2016. Start your Free Trial

What is Ameri Metro Momentum Rank?

Ameri Metro 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.


Ameri Metro Momentum Rank Related Terms

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


Ameri Metro (Ameri Metro) Business Description

Traded in Other Exchanges
N/A
Address
2575 Eastern Boulevard, Suite 211, York, PA, USA, 17402
Ameri Metro Inc is a United States based company engaged in the development of high-speed rail for passenger and freight transportation and related and ancillary transportation businesses. The elements of the infrastructure projects in which the company is focused nationally include the development of trade and transportation corridors, high-speed rail, transportation infrastructure and supporting transportation systems.

Ameri Metro (Ameri Metro) Headlines

No Headlines