CANCOM SE (LTS:0O0F) Momentum Rank : 7 (As of May. 02, 2024)

View and export this data going back to 2016. Start your Free Trial

What is CANCOM SE Momentum Rank?

CANCOM SE 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 CANCOM SE's Momentum Rank

For the Information Technology Services subindustry, CANCOM SE'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.

CANCOM SE's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, CANCOM SE's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CANCOM SE's Momentum Rank falls into.

CANCOM SE Momentum Rank Related Terms

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

CANCOM SE (LTS:0O0F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CANCOM SE (LTS:0O0F) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

COKd:UK COK:Germany COK:Austria

Address

Erika-Mann-Strasse 69, Munich, BY, DEU, D-80636

Website

https://www.cancom.de

CANCOM SE is a provider of IT infrastructure and IT services in Germany and Austria. Business operations of the company are carried out through Germany, Austria, Switzerland, and the U.S.A. The company offers IT architecture, systems integration and managed services. The company managed its businesses in two segments: Cloud Solutions and IT Solutions of which the IT Solutions segment contributes a majority of total revenue. Cloud Solutions segment comprises the cloud and shared managed services business, including project related cloud hardware, software, and services business. IT Solutions offers comprehensive support for IT infrastructure and applications.

CANCOM SE (LTS:0O0F) Headlines

No Headlines