IFIRMA Spolka Akcyjna (WAR:IFI) Momentum Rank : 2 (As of May. 20, 2024)

View and export this data going back to 2008. Start your Free Trial

What is IFIRMA Spolka Akcyjna Momentum Rank?

IFIRMA Spolka Akcyjna 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 IFIRMA Spolka Akcyjna's Momentum Rank

For the Information Technology Services subindustry, IFIRMA Spolka Akcyjna'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.

IFIRMA Spolka Akcyjna's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, IFIRMA Spolka Akcyjna's Momentum Rank distribution charts can be found below:

* The bar in red indicates where IFIRMA Spolka Akcyjna's Momentum Rank falls into.

IFIRMA Spolka Akcyjna Momentum Rank Related Terms

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

IFIRMA Spolka Akcyjna (WAR:IFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IFIRMA Spolka Akcyjna (WAR:IFI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grabiszynska 241 B, Wroclaw, POL, 53-234

Website

http://www.ifirma.pl

IFIRMA Spolka Akcyjna provides services in the field of software development as well as recruitment and outsourcing of IT staff. Its services include internet accounting, accounting office, invoices application, and warehousing software. The company is working on www.firmbee.com - a project management software which manages firm's tasks, finances, supports remote team work and HR processes.

IFIRMA Spolka Akcyjna (WAR:IFI) Headlines

No Headlines