Entyr (ASX:ETR) Momentum Rank : 0 (As of May. 27, 2024)

View and export this data going back to 2006. Start your Free Trial

What is Entyr Momentum Rank?

Entyr 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.

Entyr Momentum Rank Related Terms

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

Entyr (ASX:ETR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Entyr Ltd (ASX:ETR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Burnside Road, Unit 19, Stapylton, Gold Coast, QLD, AUS, 4207

Website

https://www.entyr.com.au

Entyr Ltd operates as a waste management company. The company applies thermal desorption technology to cleanly convert tyres into valuable secondary products. The product offering includes high-grade fuel oil, fine powder substance, energy, and clean rubber-free products which can be sold to recyclers worldwide and reused in the manufacturing and steel industries. Its operating segment includes Tyre processing and Manufacturing. The company generates maximum revenue from the Tyre processing segment.