Perpetual (STU:PVQ) Momentum Rank : 7 (As of May. 16, 2024)

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What is Perpetual Momentum Rank?

Perpetual has the Momentum Rank of 7.

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 Perpetual's Momentum Rank

For the Asset Management subindustry, Perpetual'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.

Perpetual's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Perpetual's Momentum Rank distribution charts can be found below:

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

Perpetual Momentum Rank Related Terms

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Perpetual (STU:PVQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Perpetual Ltd (STU:PVQ) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PPTTF:USA PVQ:Germany PPT:Australia

Address

123 Pitt Street, Level 18, Angel Place, Sydney, NSW, AUS, 2000

Website

https://www.perpetual.com.au

Perpetual is one of Australia's oldest financial services firms, founded in 1886. It has three operating segments, with the investments business being the main earnings generator. It is an active manager of listed assets. Perpetual also provides financial planning services to high-net-worth clients via its private segment. In its trust segment, it provides outsourced responsible entity services to funds, as well as custodial and trustee services in the debt capital markets, particularly in securitization issuances.

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