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ABC Technologies Holdings (TSX:ABCT) Momentum Rank : 0 (As of Apr. 28, 2024)


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What is ABC Technologies Holdings Momentum Rank?

ABC Technologies Holdings 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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ABC Technologies Holdings (TSX:ABCT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ABC Technologies Holdings Inc (TSX:ABCT) » Definitions » Momentum Rank
Comparable Companies
TSX:MRE TSX:XTC TSX:WPRT NEOE:HC TSXV:SSA XCNQ:ATHR TSX:LNR TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON SHSE:600660 LKQ SHSE:601689 TSE:7259
Traded in Other Exchanges
N/A
Address
2 Norelco Drive, Toronto, ON, CAN, M9L 2X6
Website
https://www.abctechnologies.com
ABC Technologies Holdings Inc is a manufacturer and supplier of custom, highly engineered, technical plastics and light weighting innovations to the North American light vehicle industry. Its geographical segment includes Canada, United States, Mexico, and Rest of World. The company derives a majority of its revenue from the United States segment.

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