GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AMECC Mechanical Construction JSC (HSTC:AMS) » Definitions » Momentum Rank

AMECC Mechanical Construction JSC (HSTC:AMS) Momentum Rank : 0 (As of Jan. 18, 2025)


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

What is AMECC Mechanical Construction JSC Momentum Rank?

AMECC Mechanical Construction JSC 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.

AMECC Mechanical Construction JSC Momentum Rank Related Terms

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

AMECC Mechanical Construction JSC Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AMECC Mechanical Construction JSC (HSTC:AMS) » Definitions » Momentum Rank
Comparable Companies
Traded in Other Exchanges
N/A
Address
Km 35, Highway 10, Quoc Tuan Commune, An Lao District, Hai Phong, VNM
Website
http://amecc.com.vn
AMECC Mechanical Construction JSC is a construction company. Its products and services include Consulting-Designs, Process Manufacturing, Shipping services, Installation and Repair, and maintenance. Its projects include Long Son Oil Filter Project, Repair and Maintenance of Dung Quat Oil Filters, and Production of Bilfinger electric waste gas filter among others.