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DEPFA Funding II LP (XAMS:DEPF2.PFD) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is DEPFA Funding II LP Momentum Rank?

DEPFA Funding II LP 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.

DEPFA Funding II LP Momentum Rank Related Terms

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DEPFA Funding II LP (XAMS:DEPF2.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » DEPFA Funding II LP (XAMS:DEPF2.PFD) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
Website
http://www.depfa.com
DEPFA Funding II LP is a United Kingdom-based limited partnership company with DEPFA Bank plc being the general partner. The purpose of the partnership is to raise and provide finance and financial support to DEPFA BANK plc and other subsidiaries of the DEPFA Group.

DEPFA Funding II LP (XAMS:DEPF2.PFD) Headlines

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