Endava (Endava) 12-1 Month Momentum % : -32.96% (As of Apr. 26, 2024)

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What is Endava 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-26), Endava's 12-1 Month Momentum % is -32.96%.

The industry rank for Endava's 12-1 Month Momentum % or its related term are showing as below:

DAVA's 12-1 Month Momentum % is ranked worse than
74.7% of 2719 companies
in the Software industry
Industry Median: -3.69 vs DAVA: -32.96

Competitive Comparison of Endava's 12-1 Month Momentum %

For the Software - Infrastructure subindustry, Endava's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.

Endava's 12-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, Endava's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Endava's 12-1 Month Momentum % falls into.

Endava (NYSE:DAVA) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Endava (NYSE:DAVA) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Endava 12-1 Month Momentum % Related Terms

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Endava (Endava) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Endava PLC (NYSE:DAVA) » Definitions » 12-1 Month Momentum %

Comparable Companies

APPN RPD MQ STNE FLYW FOUR PAGS VRNS BOX ACIW MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK

Traded in Other Exchanges

2Y5:Germany

Address

125 Old Broad Street, London, GBR, EC2N 1AR

Website

http://www.endava.com

Endava is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2006 in the U.K. and it continues to generate the majority of revenue in the U.K. and Europe. Endava's client base is concentrated in the payments and financial services, technology, media, and telecom industries.