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AMA Group (ASX:AMA) Momentum Rank : 0 (As of May. 12, 2024)


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What is AMA Group Momentum Rank?

AMA Group 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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AMA Group (ASX:AMA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » AMA Group Ltd (ASX:AMA) » Definitions » Momentum Rank
Comparable Companies
ASX:NTD ASX:ABV ASX:RPM ASX:SIX ASX:SFC TSE:6902 TSE:5108 XPAR:ML MBLY GPC APTV SHSE:600660 XKRX:012330 TSX:MG XTER:CON ISX:ASII XTER:KBX TSE:5802 LKQ NSE:MOTHERSON
Traded in Other Exchanges
AMGRF:USA KC7:Germany
Address
484 St Kilda Road, Level 13, Melbourne, VIC, AUS, 3004
Website
https://www.amagroupltd.com
AMA Group Ltd operates in the wholesale vehicle aftercare and accessories market, including smash repair shops, automotive and electrical components, vehicle protection equipment, and servicing workshops for brakes and transmissions. The group only operates within geographical areas which are Australia and New Zealand. Its reportable segments include Vehicle Collision Repairs; Heavy Motor and Supply. The Vehicle Collision Repairs segment act as a revenue driver for the firm.

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