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Aves One AG (HAM:AVES) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is Aves One AG Momentum Rank?

Aves One AG 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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Aves One AG (HAM:AVES) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aves One AG (HAM:AVES) » Definitions » Momentum Rank
Comparable Companies
XTER:A7A XTER:B7E XTER:SVE XTER:L1OA XTER:HPBK XTER:MPCK XTER:T5O HAM:EBS FRA:PEH HAM:GWG MTOMF BLK BX TSX:BAM.A OSTO:INVE A BK TROW KKR XSWX:PGHN STT
Traded in Other Exchanges
N/A
Address
Grosse Elbstrasse 61, Hamburg, DEU, 22767
Website
https://www.avesone.com
Aves One AG is a private holder of logistics assets for rail in Europe. It operates through two segments. Rail segment, which is the key revenue driver, includes the rental of rail cars, such as tank wagons, flat wagons, open wagons, covered wagons, and special wagons; management is carried out by the asset managers. Container segment includes the rental of sea containers, whereby container management is carried out by external service providers. In addition, it includes the subarea Special Equipment. This includes the rental of swap bodies and tank containers to logistics companies in the courier, express and parcel market, among others.

Aves One AG (HAM:AVES) Headlines