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1414 Degrees (ASX:14D) Momentum Rank : 0 (As of May. 28, 2024)


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What is 1414 Degrees Momentum Rank?

1414 Degrees 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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1414 Degrees (ASX:14D) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » 1414 Degrees Ltd (ASX:14D) » Definitions » Momentum Rank
Comparable Companies
SGX:S3N SGX:CY6U SGX:5AE SGX:CLN SGX:5WF SGX:41O SGX:H30 SGX:5IC SGX:O10 SGX:F86 SHSE:600900 HKSE:01816 BOM:533096 SHSE:600011 VST LSE:CNA HKSE:00006 BOM:539254 NRG HKSE:00836
Traded in Other Exchanges
N/A
Address
136 Daws Road, Melrose Park, Sydney, SA, AUS, 5039
Website
https://www.1414degrees.com.au
1414 Degrees Ltd is focused on storing and output of electric power. The company patented thermal energy storage system (TESS) storing energy as latent heat in running silicon. It delivers an output of heat and electricity is sourced from renewables or the grid and is stored as latent heat at a constant temperature. Geographically, it operates only in Australia.

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