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Azorean-Aquatic Technologies (XPAR:MLAAT) Momentum Rank : 0 (As of Jun. 18, 2024)


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What is Azorean-Aquatic Technologies Momentum Rank?

Azorean-Aquatic Technologies 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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Azorean-Aquatic Technologies (XPAR:MLAAT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Azorean-Aquatic Technologies SA (XPAR:MLAAT) » Definitions » Momentum Rank
Comparable Companies
BOM:505336 BOM:531944 WAR:RWD BOM:531594 BOM:522027 BOM:531590 NZSE:WTL BOM:522036 BSE:ECT ASX:MSI XSAT:ECOM BOM:531047 COTE TSXV:TMS BOM:522042 BOM:500246 NGM:IQS MTF BOM:530407 ASX:EGY WAR:GTP
Traded in Other Exchanges
N/A
Address
Rua da Pranchinha N 92, Ponta Delgada, PRT, 9500-331
Website
https://www.azorean.eu
Azorean-Aquatic Technologies SA provides solutions to produce instruments and autonomous robots for different market segments from leisure to business and scientific exploration. Its product includes Ziphius, an aquatic civilian drone for the general public, controlled by Wi-Fi via smartphone or tablet PC, able to move at a speed of up to 10 kph and capable of taking and sharing photos and videos.

Azorean-Aquatic Technologies (XPAR:MLAAT) Headlines

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