Alliance Global Group (Alliance Global Group) Momentum Rank : 2 (As of Apr. 27, 2024)

View and export this data going back to 2012. Start your Free Trial

What is Alliance Global Group Momentum Rank?

Alliance Global Group has the Momentum Rank of 2.

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 Alliance Global Group's Momentum Rank

For the Conglomerates subindustry, Alliance Global Group'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.

Alliance Global Group's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Alliance Global Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Alliance Global Group's Momentum Rank falls into.

Alliance Global Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of Alliance Global Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Alliance Global Group (Alliance Global Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Alliance Global Group Inc (OTCPK:ALGGY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ALGGF:USA AGI:Philippines

Address

7th Floor, 1880 Eastwood Avenue, 188 E. Rodriguez Jr. Avenue, Bagumbayan, Eastwood City CyberPark, Quezon, PHL, 1110

Website

https://www.allianceglobalinc.com

Alliance Global Group Inc is a Philippine business conglomerate that operates four business segments: Megaworld, Travellers, GADC, and Emperador. Megaworld includes the development of real estate, integrated resorts, leasing of properties, and hotel operations. Emperador consists of the manufacturing and distribution of distilled spirits and glass containers. The other segments offer tourism-related entertainment, hospitality, and leisure activities, as well as the operation of McDonald's restaurants in the Philippines.

Alliance Global Group (Alliance Global Group) Headlines

From GuruFocus

Alliance Global Group Inc's Dividend Analysis

By GuruFocus Research • 12-15-2023