BetMakers Technology Group (ASX:BET) Momentum Rank : 7 (As of Dec. 12, 2024)

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What is BetMakers Technology Group Momentum Rank?

BetMakers Technology Group 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 BetMakers Technology Group's Momentum Rank

For the Gambling subindustry, BetMakers Technology Group'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.

BetMakers Technology Group's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, BetMakers Technology Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where BetMakers Technology Group's Momentum Rank falls into.

BetMakers Technology Group Momentum Rank Related Terms

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BetMakers Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BetMakers Technology Group Ltd (ASX:BET) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

189 Flinders Lane, Level 4, Melbourne, VIC, AUS, 3000

Website

http://www.thebetmakers.com

BetMakers Technology Group Ltd engages in the development and provision of data and analytic products. The firm operates in two segments: Global betting services, and Global Tote. The Global betting services segment which derives the majority of revenue provides a variety of racing data and analytical tools consisting of basic race data such as pricing, runners, and form, analytical tools. The Global Tote segment which derives maximum revenue, includes the provision of tote software and integrations to facilitate tote liquidity and results.

BetMakers Technology Group Headlines

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