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Ashtead Group (LSE:AHT) Momentum Rank

: 9 (As of Today)
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Ashtead Group 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

For the Rental & Leasing Services subindustry, Ashtead 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.


Ashtead Group Momentum Rank Distribution

For the Business Services industry and Industrials sector, Ashtead Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ashtead Group's Momentum Rank falls in comparison to its industry or sector. The grey bar indicates the Momentum Rank's extreme value range as defined by GuruFocus.

Ashtead Group Momentum Rank Related Terms

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Ashtead Group (LSE:AHT) Business Description

Ashtead Group logo
Traded in Other Exchanges
100 Cheapside, London, GBR, EC2V 6DT
Ashtead is an equipment rental business with operations in the U.S., Canada and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 12% market share, in a highly fragmented market consisting of national, regional and independent competitors. Ashtead rents a range of construction, industrial and general equipment such as aerial lifts, hand-held tools and forklifts across its 1,265 rental stores worldwide.

Ashtead Group (LSE:AHT) Headlines