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AustChina Holdings (ASX:AUH) Momentum Rank : 0 (As of Jun. 01, 2024)


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What is AustChina Holdings Momentum Rank?

AustChina Holdings 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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AustChina Holdings (ASX:AUH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » AustChina Holdings Ltd (ASX:AUH) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
1 Eagle Street, Level 35, Waterfront Place, Brisbane, QLD, AUS, 4000
Website
http://www.austchinaholdings.com
AustChina Holdings Ltd is an Australia-based company operating as a natural resource's investment company. It invests in energy sectors, oil and gas projects, coal, and biogas utilities specializing in the delivery of process plants for both solid organic wastes and wastewater. The company operates solely in Australia. The company has investments in the Blackall coal Project project in Surat / Eromanga Basin.

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