Djerriwarrh Investments (ASX:DJW) Momentum Rank : 7 (As of Apr. 26, 2025)

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What is Djerriwarrh Investments Momentum Rank?

Djerriwarrh Investments has the Momentum Rank of 7.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Djerriwarrh Investments's Momentum Rank

For the Asset Management subindustry, Djerriwarrh Investments'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.

Djerriwarrh Investments's Momentum Rank Distribution in the Asset Management Industry

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

* The bar in red indicates where Djerriwarrh Investments's Momentum Rank falls into.

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Djerriwarrh Investments Momentum Rank Related Terms

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Djerriwarrh Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Djerriwarrh Investments Ltd (ASX:DJW) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

http://www.djerri.com.au

Djerriwarrh Investments Ltd is a listed investment company investing predominantly in Australian and New Zealand equities. The company often uses exchange-traded and over-the-counter options to enhance the income return to investors. Its objective is to provide shareholders with attractive investment returns through access to an enhanced stream of fully franked dividends and growth in capital invested.

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