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Auckland International Airport (Auckland International Airport) Momentum Rank : 4 (As of Apr. 24, 2024)


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What is Auckland International Airport Momentum Rank?

Auckland International Airport has the Momentum Rank of 4.

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 Auckland International Airport's Momentum Rank

For the Airports & Air Services subindustry, Auckland International Airport'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.

Auckland International Airport's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Auckland International Airport's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Auckland International Airport's Momentum Rank falls into.


Auckland International Airport Momentum Rank Related Terms

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Auckland International Airport (Auckland International Airport) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Auckland International Airport Ltd (OTCPK:ACKDF) » Definitions » Momentum Rank
Comparable Companies
ASX:FEX ASX:MGX ASX:BRL ASX:AJL ASX:TIG ASX:EQN XMAD:AENA BKK:AOT XPAR:ADP SHSE:600009 ASURB GAPB HSTC:ACV XSWX:FHZN OCSE:KBHL BOM:532754 KUW:AGLTY XTER:FRA WBO:FLU CAAP
Traded in Other Exchanges
AUKNY:USA AIA:New Zealand BZTA:Germany AIA:Australia
Address
4 Leonard Isitt Drive, Auckland Airport Business District, Manukau, NTL, NZL, 2022
Website
https://www.aucklandairport.co.nz
Auckland Airport is New Zealand's largest airport, handling 21 million passenger movements in fiscal 2019, approximately 70% of the country's international visitors. It owns 1,500 hectares of land, and hosts ancillary commercial services, including retail and duty-free, car parking, hotels, warehouses, and offices. Substantial development opportunities could bring its capacity up to near 28 million passenger movements per year by 2032, as well as adding capacity in the ancillary services offered. It also has a minority stake in the small but fast growing Queenstown airport on New Zealand's south island.