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Ashinskiy Metallurgical Works PJSC (MIC:AMEZ) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Ashinskiy Metallurgical Works PJSC Momentum Rank?

Ashinskiy Metallurgical Works PJSC 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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Ashinskiy Metallurgical Works PJSC (MIC:AMEZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashinskiy Metallurgical Works PJSC (MIC:AMEZ) » Definitions » Momentum Rank
Comparable Companies
MIC:CHMK MIC:URKZ MIC:KOGK MIC:MTLR NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF TPE:2002 BUE:TXAR SZSE:000708 SHSE:600010 JSE:KIO CLF
Traded in Other Exchanges
N/A
Address
Asha city, Mira Street no. 9, Chelyabinsk, RUS, 456010
Website
http://www.amet.ru
Ashinskiy Metallurgical Works PJSC is engaged in the business of producing stainless and carbon steel. The main activity of the company is the production of hot-rolled and cold-rolled sheet (flat) steel, and consumer goods, as well as the production of tapes and magnetic cores at the main production site located in the city of Asha.

Ashinskiy Metallurgical Works PJSC (MIC:AMEZ) Headlines

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