KWESST Micro Systems (KWESST Micro Systems) Momentum Rank : 2 (As of Jun. 05, 2024)

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What is KWESST Micro Systems Momentum Rank?

KWESST Micro Systems has the Momentum Rank of 2.

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 KWESST Micro Systems's Momentum Rank

For the Aerospace & Defense subindustry, KWESST Micro Systems'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.

KWESST Micro Systems's Momentum Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, KWESST Micro Systems's Momentum Rank distribution charts can be found below:

* The bar in red indicates where KWESST Micro Systems's Momentum Rank falls into.

KWESST Micro Systems Momentum Rank Related Terms

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KWESST Micro Systems (KWESST Micro Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » KWESST Micro Systems Inc (NAS:KWE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KWE:Canada

Address

155 Terence Matthews Crescent, Unit No. 1, Ottawa, ON, CAN, K2M 2A8

Website

https://www.kwesst.com

KWESST Micro Systems Inc develops and commercializes next-generation tactical systems. The company offers breakthrough technology in lethal and non-lethal systems with broad application, including law enforcement and personal defence, modernized digitization of tactical forces for shared situational awareness and targeting, and counter-measures against threats such as drones, lasers and electronic detection.