Augmentum Fintech (LSE:AUGM) Momentum Rank : 5 (As of Jun. 22, 2024)

View and export this data going back to 2018. Start your Free Trial

What is Augmentum Fintech Momentum Rank?

Augmentum Fintech has the Momentum Rank of 5.

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 Augmentum Fintech's Momentum Rank

For the Asset Management subindustry, Augmentum Fintech'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.

Augmentum Fintech's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Augmentum Fintech's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Augmentum Fintech's Momentum Rank falls into.

Augmentum Fintech Momentum Rank Related Terms

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

Augmentum Fintech (LSE:AUGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Augmentum Fintech PLC (LSE:AUGM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AUGMl:UK

Address

25 Southampton Buildings, London, GBR, WC2A 1AL

Website

https://www.augmentum.vc

Augmentum Fintech PLC is a closed-ended investment company, which invests in companies located in the UK. The company's investment objective is to generate capital growth over the long term through investment in a portfolio of fast-growing and/or high-potential private financial services technology businesses. It invests in early-stage high-growth fintech businesses in the banking, insurance, and asset management sectors.

Augmentum Fintech (LSE:AUGM) Headlines

No Headlines