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Auction Technology Group (CHIX:ATGL) Momentum Rank : 0 (As of Apr. 24, 2025)


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What is Auction Technology Group Momentum Rank?

Auction Technology Group has the Momentum Rank of 0.

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.

Auction Technology Group Momentum Rank Related Terms

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Auction Technology Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Auction Technology Group PLC (CHIX:ATGl) » Definitions » Momentum Rank
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Traded in Other Exchanges
ATHGF:USA ATG:UK
Address
65 Southwark Street, The Harlequin Building, London, GBR, SE1 0HR
Website
https://www.auctiontechnologygroup.com
Auction Technology Group PLC is engaged in the provision of auction technology software and related services to auction houses and other customers. The goal of the company is to simplify and integrate multiple parts of the online auction process, from the cataloging of items to marketing, auction hosting, bidding, and recent payment solutions. The group has four segments namely Arts and Antiques, Industrial and Commercial, Auction services, and Content. The majority of revenue is generated from the Art & Antiques segment. Geographically the company serves the United Kingdom, Germany, and the USA, where the majority of revenue is generated from the USA.