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Cash Converters International (ASX:CCV) Momentum Rank : 5 (As of Apr. 27, 2024)


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What is Cash Converters International Momentum Rank?

Cash Converters International has the Momentum Rank of 5.

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 Cash Converters International's Momentum Rank

For the Specialty Retail subindustry, Cash Converters International'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.

Cash Converters International's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Cash Converters International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Cash Converters International's Momentum Rank falls into.


Cash Converters International Momentum Rank Related Terms

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Cash Converters International (ASX:CCV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Cash Converters International Ltd (ASX:CCV) » Definitions » Momentum Rank
Comparable Companies
ASX:SSG ASX:JYC ASX:SHM ASX:DSK ASX:BKG ASX:BBN ASX:ADH ASX:BLX ORLY TSX:ATD AZO TSCO ULTA SHSE:601888 GPC WSM DKS BBY ADX:ADNOCDIST CASY
Traded in Other Exchanges
N/A
Address
141 St Georges Terrace, Level 11, Perth, WA, AUS, 6000
Website
https://www.cashconverters.com
Cash Converters International Ltd is a franchised retail network that specializes in the sale of second-hand goods. It operates through three business segments. Store Operations segment, which is the key revenue driver, involves the retail sale of new and second-hand goods, cash advance, and pawnbroking operations. Personal Finance segment comprises the Cash Converters Personal Finance personal loans business. The vehicle Financing segment comprises Green Light Auto Group, which provides motor vehicle finance. It operates in two geographical areas Australia and the United Kingdom. The company generates the majority of its revenue from the Personal finance segment.