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IPAS Indexo (ORSE:IDX1R) Momentum Rank : 0 (As of Jun. 13, 2024)


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What is IPAS Indexo Momentum Rank?

IPAS Indexo 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.

IPAS Indexo Momentum Rank Related Terms

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IPAS Indexo (ORSE:IDX1R) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IPAS Indexo (ORSE:IDX1R) » Definitions » Momentum Rank
Comparable Companies
ADX:RAKPROP DFM:UPP ADX:QHOLDING ADX:ADPORTS DFM:SALIK ADX:YAHSAT ADX:TAQA ADX:PRESIGHT ADX:ADNOCLS ADX:FBI BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
13-1A Elizabetes Street, Riga, LVA, 1010
Website
https://www.indexo.lv
IPAS Indexo is a licensed investment management company. INDEXO has revolutionized the pension administration market, now the company is working to do the same in the banking sector and establish a new, strong, modern, and customer-friendly bank. Its products include the 2nd pension level and 3. pension level.

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