SelfWealth (ASX:SWF) Momentum Rank : 1 (As of Apr. 25, 2024)

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What is SelfWealth Momentum Rank?

SelfWealth has the Momentum Rank of 1.

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 SelfWealth's Momentum Rank

For the Capital Markets subindustry, SelfWealth'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.

SelfWealth's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SelfWealth's Momentum Rank distribution charts can be found below:

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

SelfWealth Momentum Rank Related Terms

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SelfWealth (ASX:SWF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SelfWealth Ltd (ASX:SWF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 Lonsdale Street, Level 7, North End, Melbourne, VIC, AUS, 3000

Website

https://www.selfwealth.com.au

SelfWealth Ltd is an Australia-based company, engaged in the provision of flat fee online securities brokerage services. It enables investors to trade in the Australian and United States stock markets. SelfWealth has a scalable platform with diversified revenue streams and operating leverage, which provides responsible, secure, and price-conscious investment solutions for retail investors. The SelfWealth Adviser platform enables financial advisers and other financial intermediaries with features and functionality to manage client direct equity portfolios. The Company has one reportable segment; that is, to provide a flat-fee securities brokerage service in Australia.

SelfWealth (ASX:SWF) Headlines

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