GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BeWhere Holdings Inc (OTCPK:BEWFF) » Definitions » Momentum Rank

BeWhere Holdings (BeWhere Holdings) Momentum Rank : 6 (As of May. 27, 2024)


View and export this data going back to 2004. Start your Free Trial

What is BeWhere Holdings Momentum Rank?

BeWhere Holdings has the Momentum Rank of 6.

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 BeWhere Holdings's Momentum Rank

For the Communication Equipment subindustry, BeWhere Holdings'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.

BeWhere Holdings's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BeWhere Holdings's Momentum Rank distribution charts can be found below:

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


BeWhere Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of BeWhere Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

BeWhere Holdings (BeWhere Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BeWhere Holdings Inc (OTCPK:BEWFF) » Definitions » Momentum Rank
Comparable Companies
TSX:BYL TSXV:ENA TSXV:CMI TSXV:YFI TSXV:TTZ XCNQ:NUR TSXV:YTY TSXV:NVI CSCO SHSE:601138 MSI HPE OHEL:NOKIA OSTO:ERIC B ZBRA SZSE:000063 SHSE:688036 JNPR TPE:2345 UI
Traded in Other Exchanges
S9XC:Germany BEW:Canada
Address
2475 Skymark Avenue, Unit 4, Mississauga, ON, CAN, L4W 4Y6
Website
https://www.bewhere.com
BeWhere Holdings Inc is an internet provider of real-time information on equipment tools, and inventory in transit and at facilities serving the emergency service, construction, utility, and transportation industries. It designs and sells beacons and develops mobile applications, middle-ware, and cloud-based solutions enabling a level of operational visibility that was previously unavailable and cost prohibitive. The company derives revenue from the sale of beacons and their associated software, as well as professional services associated with customizing its products. Its products include Bluetooth Beacons, Gateways, NB-IoT and LTE-M.