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Aerowash AB (FRA:1HV) Momentum Rank : 0 (As of May. 16, 2024)


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What is Aerowash AB Momentum Rank?

Aerowash AB 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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Aerowash AB (FRA:1HV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Aerowash AB (FRA:1HV) » Definitions » Momentum Rank
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OSTO:AAC OSTO:GOMX XSAT:ASTOR OSTO:AVT B RTX LMT BA XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR. HEI.A HWM SHSE:600760 SHSE:600150
Traded in Other Exchanges
AERW B:Sweden
Address
Hammarby Fabriksvag 23, Stockholm, SWE, 120 30
Website
https://www.aerowash.com
Aerowash AB offers automated washing solutions and services for the aviation industry. It offers various semi-automated washing robots for external cleaning of narrow or wide body aircrafts. Its product portfolio includes AW 8, AW 12 and Aerowash Eco.

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