Southern Cross Media Group (FRA:6MM) Momentum Rank : 7 (As of May. 26, 2024)

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What is Southern Cross Media Group Momentum Rank?

Southern Cross Media Group has the Momentum Rank of 7.

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.

Competitive Comparison of Southern Cross Media Group's Momentum Rank

For the Entertainment subindustry, Southern Cross Media Group's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southern Cross Media Group's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Southern Cross Media Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Southern Cross Media Group's Momentum Rank falls into.

Southern Cross Media Group Momentum Rank Related Terms

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Southern Cross Media Group (FRA:6MM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Southern Cross Media Group Ltd (FRA:6MM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SXL:Australia

Address

101 Moray Street, Level 2, South Melbourne, Melbourne, VIC, AUS, 3205

Website

https://www.southerncrossaustereo.com.au

Southern Cross Media broadcasts television and radio content across Australia and generates revenue and earnings mainly from sales of airtime to advertisers. In metropolitan areas, it runs two radio networks (Hit and Triple M). In regional areas, the company runs a portfolio of radio stations and television stations. It is also investing in digital audio, which has fast-growing audiences.

Southern Cross Media Group (FRA:6MM) Headlines

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