Micro Systemation AB (OSTO:MSAB B) Momentum Rank : 7 (As of May. 14, 2024)

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What is Micro Systemation AB Momentum Rank?

Micro Systemation AB has the Momentum Rank of 7.

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 Micro Systemation AB's Momentum Rank

For the Software - Application subindustry, Micro Systemation 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.

Micro Systemation AB's Momentum Rank Distribution in the Software Industry

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

* The bar in red indicates where Micro Systemation AB's Momentum Rank falls into.

Micro Systemation AB Momentum Rank Related Terms

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Micro Systemation AB (OSTO:MSAB B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Micro Systemation AB (OSTO:MSAB B) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hornsbruksgatan 28, Stockholm, SWE, 117 34

Website

http://www.msab.com

Micro Systemation AB is engaged in product development, production and sales of solutions within the area of mobile digital forensics. It provides software product to extract, analyses and present data from digital devices, primarily mobile phones. The company has three main product families: XRY, XAMN and XEC. The products are used mainly by police, military and intelligence agencies world-wide and are effective tools for securing evidence. The company's major revenue is derived from EMEA & Latin America.

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