Momentum is the term used to describe the market anomaly that stocks that have been performing well in the past tend to continue to do so in the future.
The below table ranks all stocks within the S&P/ASX 200 index based on their trailing 12-month share price return and shows the top 15 results. ‘Momentum’ is a well-researched market factor and states that stocks that have out-performed their peers over the medium term tend to continue to outperform over the short-term. Thus by keeping an eye on the stocks within this list, we have a watchlist of potential ideas that will do well over the coming weeks.
|Stock code||Stock name||Sector||Current price||Return 12m||Mom rank|
APEAP Eagers Limited sells new and used motor vehicles and distributes related parts and accessories.
Eagers Automotive Ltd
APTAfterpay Limited provides payment services.
ARBARB Corporation Ltd. distributes and sells motor vehicles accessories and light metal engineering works for four wheel drive vehicles.
ARB Corp Ltd
FMGFortescue Metals Group Ltd. explores for and produces iron ore.
Fortescue Metals Group Ltd
KGNKogan.com Ltd. Operates as a portfolio of retail and services businesses.
LYCLynas Corporation Limited explores and mines for rare earth minerals such as cerium and neodymium.
Lynas Rare Earths Ltd
MINMineral Resources is a mining service company.
Mineral Resources Ltd
NECNine Entertainment Company Holdings Ltd. operates as a holding company.
Nine Entertainment Co Holdings
NWLNetwealth Group Limited provides investment management services.
Netwealth Group Ltd
NWSNews Corporation is a media and information services company.
OZLOZ Minerals Ltd. is an Australian based mining company with a focus on copper.
OZ Minerals Ltd
PointsBet Holdings Ltd
PMEPro Medicus Limited develops and supplies proprietary software and IT solutions for large medical corporations and individual medical group practices.
Pro Medicus Ltd
WTCWisetech Global Limited designs and develops cloud-based logistics software solutions.
WiseTech Global Ltd
Z1PZip Co Limited provides point-of-sale credit and digital payment services.
Zip Co Ltd
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More about this table
The ASX Momentum stocks table is one of a series of informational tables provided for free to give subscribers useful information to inform their trading decisions. This table is updated weekly and offers clients the most current top momentum stocks. Investors and traders who are interested in stocks that have a chance of growing in the medium to long term and want ASX stock exposure can review the stocks in this table and select the ones they would like to hold from the list.
Investors who want exposure to ASX stocks and are interested in a trading strategy that utilises the technical criteria used above can subscribe to Rivkin’s ASX Momentum strategy. This has been backtested to produce a profitable trading system that is easy to implement with trading only required once per month. It holds 5 ASX listed stocks that we think will perform well over a reasonable time horizon (approximately three years). Investors interested in such a strategy should look to subscribe to our Strategies product that gives access to our ASX Momentum strategy as well as several other strategies.
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