AGTech Holdings (AGTech Holdings) Momentum Rank : 9 (As of Apr. 29, 2024)

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What is AGTech Holdings Momentum Rank?

AGTech Holdings has the Momentum Rank of 9.

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 AGTech Holdings's Momentum Rank

For the Gambling subindustry, AGTech Holdings'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.

AGTech Holdings's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, AGTech Holdings's Momentum Rank distribution charts can be found below:

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

AGTech Holdings Momentum Rank Related Terms

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AGTech Holdings (AGTech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » AGTech Holdings Ltd (OTCPK:AGTEF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

08279:Hong Kong

Address

Times Square, Causeway Bay, Unit 3912, 39th Floor, Tower Two, Hong Kong, HKG

Website

https://www.agtech.com

AGTech Holdings Ltd is an investment holding company that operates in two segments. The lottery operation segment includes sales and leasing of lottery hardware (including the provision of related after-sale services), provision of lottery distribution and ancillary services in Mainland China; and other related services. The electronic payment & related services segment includes the provision of payment card services and ancillary services; the provision of e-wallet services; the provision of acquiring services for other payment service providers; the sale and leasing of payment terminals and equipment; and other related services in Macau & generates the majority of revenue. Its geographical segments are Hong Kong, China, and Others, of which the majority of its revenue comes from China.

AGTech Holdings (AGTech Holdings) Headlines

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