GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mader Group Ltd (OTCPK:MADGF) » Definitions » Momentum Rank

Mader Group (Mader Group) Momentum Rank : 0 (As of Jun. 09, 2024)


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

What is Mader Group Momentum Rank?

Mader Group 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.


Mader Group Momentum Rank Related Terms

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


Mader Group (Mader Group) Business Description

Traded in Other Exchanges
Address
2 George Wiencke Drive, Perth Airport, Suite A1, Hkew Alpha Building, Perth, WA, AUS, 6105
Mader Group Ltd is a maintenance services company that supplies tradespeople to resource industry customers. It provides specialized contract labour for the maintenance of heavy mobile equipment in the resources industry. The services provided include maintenance labour, field support, shutdown teams for overhauls, maintenance workshops, training of maintenance teams, and a range of other ancillary services. Its geographical segments include Australia, the United States, and others, of which the majority of the revenue comes from Australia.

Mader Group (Mader Group) Headlines

From GuruFocus

Full Year 2021 Mader Group Ltd Earnings Call Transcript

By GuruFocus Research 02-14-2024

Half Year 2023 Mader Group Ltd Earnings Call Transcript

By GuruFocus Research 02-14-2024

Full Year 2023 Mader Group Ltd Earnings Call Transcript

By GuruFocus Research 02-14-2024