GURUFOCUS.COM » STOCK LIST » Technology » Software » A2B Australia Ltd (FRA:A22) » Definitions » Momentum Rank

A2B Australia (FRA:A22) Momentum Rank : 0 (As of May. 16, 2024)


View and export this data going back to 2017. Start your Free Trial

What is A2B Australia Momentum Rank?

A2B Australia 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.

A2B Australia Momentum Rank Related Terms

Thank you for viewing the detailed overview of A2B Australia's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

A2B Australia (FRA:A22) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » A2B Australia Ltd (FRA:A22) » Definitions » Momentum Rank
Comparable Companies
ASX:FND ASX:ACE ASX:RTH ASX:DCC ASX:AV1 ASX:SPX ASX:WRK ASX:SOV ASX:FCT ASX:B4P MSFT ORCL ADBE PANW SNPS CRWD PLTR FTNT SQ XAMS:ADYEN
Traded in Other Exchanges
A2B:Australia
Address
9-13 O’Riordan Street, Alexandria, Sydney, NSW, AUS, 2015
Website
https://www.a2baustralia.com
A2B Australia Ltd provides payment and other services to taxi operators in Australia and also operates taxis itself. Its brands include 13cabs, Cabcharge, Silver Service, MTI, Spotto, EFT Solutions, and Giraffe payments. The company derives revenue from the Taxi service fee; Network subscription fees and others.

A2B Australia (FRA:A22) Headlines

No Headlines