Macmahon Holdings (Macmahon Holdings) Momentum Rank : 3 (As of May. 11, 2024)

View and export this data going back to 2005. Start your Free Trial

What is Macmahon Holdings Momentum Rank?

Macmahon Holdings has the Momentum Rank of 3.

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 Macmahon Holdings's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Macmahon Holdings'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.

Macmahon Holdings's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Macmahon Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Macmahon Holdings's Momentum Rank falls into.

Macmahon Holdings Momentum Rank Related Terms

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

Macmahon Holdings (Macmahon Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Macmahon Holdings Ltd (OTCPK:MCHHF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MAH:Australia

Address

15 Hudswell Road, Perth Airport, Perth, WA, AUS, 6105

Website

https://www.macmahon.com.au

Macmahon Holdings Ltd is an Australian company providing mining services to clients throughout Australia, Southeast Asia, and South Africa. Its complete mining services range from mine development to materials delivery, including design, construction, and on-site services. Macmahon manages mines for mining companies, across a variety of base and precious metals and commodities. Its segments are Surface Mining, Underground Mining, and International Mining. It provides a complete set of mining services which includes surface and underground mining, civil and rehabilitation services, equipment maintenance, rentals, and management.

Macmahon Holdings (Macmahon Holdings) Headlines

From GuruFocus

Unveiling Macmahon Holdings Ltd's Dividend Performance and Sustainability

By GuruFocus Research • 09-19-2023