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PMAX (Powell Max) Momentum Rank : 0 (As of Dec. 13, 2024)


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What is Powell Max Momentum Rank?

Powell Max 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.

Powell Max Momentum Rank Related Terms

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Powell Max Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Powell Max Ltd (NAS:PMAX) » Definitions » Momentum Rank
Comparable Companies
Traded in Other Exchanges
N/A
Address
13-14 Connaught Road Central, 22th floor, Euro Trade Centre, Hong Kong, HKG
Website
https://www.janfp.com
Powell Max Ltd is an financial communications services provider. Its financial communications services cover a full range of financial printing, corporate reporting, communications and language support services from inception to completion, including typesetting, proofreading, translation, design, printing, electronic reporting, newspaper placement and distribution. It operates in a single business segment which is the provision of corporate financial communications and financial printing services. Key revenue is derived from Hong Kong.