Auctus Investment Group (ASX:AVC) Momentum Rank : 3 (As of Apr. 30, 2024)

View and export this data going back to 2011. Start your Free Trial

What is Auctus Investment Group Momentum Rank?

Auctus Investment Group 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 Auctus Investment Group's Momentum Rank

For the Asset Management subindustry, Auctus Investment Group'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.

Auctus Investment Group's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Auctus Investment Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Auctus Investment Group's Momentum Rank falls into.

Auctus Investment Group Momentum Rank Related Terms

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

Auctus Investment Group (ASX:AVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Auctus Investment Group Ltd (ASX:AVC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Collins Street, Level 23, Melbourne, VIC, AUS, 3000

Website

https://www.auctusinvest.com

Auctus Investment Group Ltd invests in companies and platforms operating in growth sectors with strong tailwinds potential to scale. The company provides access to these private market investments for wholesale, family office, and institutional investors. Private market investments may include asset classes such as Private Equity (PE) & Venture Capital (VC), real estate, debt funds, and infrastructure.

Auctus Investment Group (ASX:AVC) Headlines

No Headlines