GURUFOCUS.COM » STOCK LIST » Technology » Software » PRO DV AG (XTER:PDA) » Definitions » Momentum Rank

PRO DV AG (XTER:PDA) Momentum Rank : 4 (As of May. 31, 2024)


View and export this data going back to 2000. Start your Free Trial

What is PRO DV AG Momentum Rank?

PRO DV AG has the Momentum Rank of 4.

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 PRO DV AG's Momentum Rank

For the Information Technology Services subindustry, PRO DV AG'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.


PRO DV AG's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, PRO DV AG's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PRO DV AG's Momentum Rank falls into.



PRO DV AG Momentum Rank Related Terms

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


PRO DV AG (XTER:PDA) Business Description

Traded in Other Exchanges
Address
Hauert 6, Dortmund, DEU, 44227
PRO DV AG engages in the provision of information technology business solutions. It offers project support services in the transport and logistics, telecommunications, energy supply, and public administration sectors. The firm specializes in the analysis and optimization of business processes with focus on business analysis, architecture consulting, project management, and security management.

PRO DV AG (XTER:PDA) Headlines

No Headlines