GreenHy2 (ASX:H2G) Momentum Rank : 0 (As of Dec. 14, 2024)

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What is GreenHy2 Momentum Rank?

GreenHy2 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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GreenHy2 Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

680 George Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.greenhy2.com.au

GreenHy2 Ltd is an investment holding company. It provides energy solutions incorporating the only Solid-State Hydrogen Storage system (SSHS) commercially available on the market today. This is the green energy solution that solves the energy storage challenge. Its technology provides Solid State Hydrogen Storage, Green Hydrogen, and Energy Solutions. Its products are GKN products and GKN HY2 connect.

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