GURUFOCUS.COM » STOCK LIST » Technology » Software » GSTechnologies Ltd (LSE:GSR) » Definitions » Momentum Rank

GSTechnologies (LSE:GSR) Momentum Rank : 0 (As of May. 17, 2024)


View and export this data going back to 2013. Start your Free Trial

What is GSTechnologies Momentum Rank?

GSTechnologies 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.


GSTechnologies Momentum Rank Related Terms

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


GSTechnologies (LSE:GSR) Business Description

Traded in Other Exchanges
Address
Level 11, 125th Street Georges Terrace, Perth, WA, AUS, 6000
GSTechnologies Ltd is a technology company engaged in providing data infrastructure, storage, and technology services. The service offerings of the company include Cabling, IT Network, Wireless, Data Centers, Security, Smart Automation and Monitoring among others. The entity operates in one business segment, being information data technology and infrastructure.

GSTechnologies (LSE:GSR) Headlines

No Headlines