Clime Investment Management (ASX:CIW) Momentum Rank : 2 (As of May. 14, 2024)

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What is Clime Investment Management Momentum Rank?

Clime Investment Management has the Momentum Rank of 2.

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 Clime Investment Management's Momentum Rank

For the Asset Management subindustry, Clime Investment Management'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.

Clime Investment Management's Momentum Rank Distribution in the Asset Management Industry

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

* The bar in red indicates where Clime Investment Management's Momentum Rank falls into.

Clime Investment Management Momentum Rank Related Terms

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Clime Investment Management (ASX:CIW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Clime Investment Management Ltd (ASX:CIW) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Hunter Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.clime.com.au

Clime Investment Management Ltd is an independent Australian fund manager specializing in value investing. Its principal activity is investing in listed and unlisted securities and operating under ASIC(Australian Securities and Investments Commission) approved AFSL(Australian Financial Services Licences) licenses in the fund's management industry. It operates through segments: Funds Management, Madison Entities, Private wealth, Investment Software, and Direct Investments. The company generates maximum revenue from the Funds Management segment.

Clime Investment Management (ASX:CIW) Headlines

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