GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avation PLC (FRA:9K0) » Definitions » Momentum Rank

Avation (FRA:9K0) Momentum Rank : 0 (As of Jun. 16, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Avation Momentum Rank?

Avation 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.

Avation Momentum Rank Related Terms

Thank you for viewing the detailed overview of Avation's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Avation (FRA:9K0) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avation PLC (FRA:9K0) » Definitions » Momentum Rank
Comparable Companies
LSE:HSS LSE:ANX LSE:DNA3 LSE:AA4 LSE:SDY LSE:DPA LSE:DNA2 LSE:VP. LSE:ASY URI LSE:AHT AER BSP:RENT3 UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439 HKSE:02588
Traded in Other Exchanges
AVAP:UK
Address
65 Kampong Bahru Road, No. 01-01, Singapore, SGP, 169370
Website
http://www.avation.net
Avation PLC is a commercial passenger aircraft leasing company based on owning and managing a fleet of jet and aircraft. Geographically, it has a presence in Europe and the Asia Pacific. It derives a majority of revenue from the Asia Pacific region. The company's customers include airBaltic, EVA Air, easyJet, Philippine Airlines, Air France, Air India, Flybe, Fiji Airways, Thomas Cook, Virgin Australia, Mandarin airlines, Vietjet Air and others.

Avation (FRA:9K0) Headlines

No Headlines