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Anek Lines (ATH:ANEP) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Anek Lines Momentum Rank?

Anek Lines 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.

Anek Lines Momentum Rank Related Terms

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Anek Lines (ATH:ANEP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Anek Lines SA (ATH:ANEP) » Definitions » Momentum Rank
Comparable Companies
ATH:OLTH BSP:PSVM11 XTER:HLAG OCSE:MAERSK B HKSE:01919 BOM:532921 SHSE:600018 TSE:9101 TSE:9104 SHSE:601018 HKSE:00316 TSE:9107 ADX:ADPORTS HKSE:01138 XKRX:011200 PHS:ICT TPE:2603 ADX:ADNOCLS XKLS:3816 SZSE:001872
Traded in Other Exchanges
N/A
Address
148 Karamanli Avenue, Crete, Chania, GRC, 73100
Website
https://www.anek.gr
Anek Lines SA is engaged in passenger shipping and performs business activities in the sector of passenger ferry shipping. The main sources of revenue are generated from the passenger, P.U. vehicles and truck fares, as well as other onboard activities (bars, restaurants, stores, and casinos). The company operates its shipping activities domestically and abroad, out of which the majority of the revenue is derived from Abroad.

Anek Lines (ATH:ANEP) Headlines

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