Atok-Big Wedge Co (PHS:AB) Momentum Rank : 3 (As of May. 25, 2024)

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What is Atok-Big Wedge Co Momentum Rank?

Atok-Big Wedge Co 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 Atok-Big Wedge Co's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Atok-Big Wedge Co'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.

Atok-Big Wedge Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Atok-Big Wedge Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Atok-Big Wedge Co's Momentum Rank falls into.

Atok-Big Wedge Co Momentum Rank Related Terms

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Atok-Big Wedge Co (PHS:AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atok-Big Wedge Co Inc (PHS:AB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

7232 Ayala Avenue corner Malugay Street, Alphaland Makati Place, Makati City, PHL, 1209

Website

http://www.atokbigwedge.com

Atok-Big Wedge Co Inc is a Philippines-based mining company. The company is engaged in the exploration and development of mining, oil, gas, and other natural resources. Its operating segments consist of its Mining, Exploration and Development, and stock transfer agency activities.