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Diadrom Holding AB (OSTO:DIAH) Momentum Rank : 3 (As of May. 24, 2024)


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What is Diadrom Holding AB Momentum Rank?

Diadrom Holding AB has the Momentum Rank of 3.

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 Diadrom Holding AB's Momentum Rank

For the Software - Application subindustry, Diadrom Holding AB'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.

Diadrom Holding AB's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Diadrom Holding AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Diadrom Holding AB's Momentum Rank falls into.


Diadrom Holding AB Momentum Rank Related Terms

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Diadrom Holding AB (OSTO:DIAH) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Diadrom Holding AB (OSTO:DIAH) » Definitions » Momentum Rank
Comparable Companies
OSTO:LOYAL OSTO:SILEON OSTO:KENH OSTO:SPEONE XSAT:MNDRK OSTO:CDMIL OSTO:SDS OSTO:SFL OSTO:HOYLU OSTO:FLOWS CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
N/A
Address
Forsta Langgatan 19, Gothenburg, SWE, 413 27
Website
http://www.diadrom.se
Diadrom Holding AB is a consultancy company with focus on diagnostics of product with embedded software. Its products include Diadrom OWL a diagnostics and fleet management tool for predictive maintenance, Diadrom Dolphin a tool for test automation and Diag Studio a diagnostic off-board system. The company offers its products to industrial machinery, defence, security and public transport industry.