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Aluma Infrastructure Fund (2020) (XTAE:ALUMA) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is Aluma Infrastructure Fund (2020) Momentum Rank?

Aluma Infrastructure Fund (2020) 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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Aluma Infrastructure Fund (2020) (XTAE:ALUMA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aluma Infrastructure Fund (2020) Ltd (XTAE:ALUMA) » Definitions » Momentum Rank
Comparable Companies
XTAE:CPTP XTAE:ELDAV-M XTAE:MYDS XTAE:TUZA XTAE:MGDA XTAE:BIGT XTAE:TNPV XTAE:STEC XTAE:UNCT XTAE:SLCL BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
Hamelacha 3, Yafo, Tel Aviv, ISR
Website
https://www.aii.co.il
Aluma Infrastructure Fund (2020) Ltd is an infrastructure investment fund. IT focuses on the fields of infrastructure, management, investments, finance, and the capital market, which brings an active involvement in most of the major infrastructure transactions in Israel.

Aluma Infrastructure Fund (2020) (XTAE:ALUMA) Headlines

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