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First Growth Funds (XCNQ:FGFL) Momentum Rank : 0 (As of May. 01, 2024)


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What is First Growth Funds Momentum Rank?

First Growth Funds 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.

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First Growth Funds (XCNQ:FGFL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Growth Funds Ltd (XCNQ:FGFL) » Definitions » Momentum Rank
Comparable Companies
TSXV:ESS XCNQ:GOAT TSX:XMF.A TSX:FTU XCNQ:BLGV TSX:SBN TSXV:FFP XCNQ:LLL XCNQ:EATS BLK BX KKR OSTO:INVE A APO TSX:BN BK AMP LSE:III XSWX:PGHN OSTO:EQT
Traded in Other Exchanges
MTOMF:USA
Address
311 Hay Street, Subiaco, WA, AUS, 6008
Website
https://www.firstgrowthfunds.com
First Growth Funds Ltd is an Australian Stock Exchange-listed investment company. The company manages a portfolio of investments covering small and medium companies listed equities, private equity and pre-IPO investments, blockchain, equity investment, and initial coin offerings. It operates in the Australia.

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