Catapult Group International (ASX:CAT) Momentum Rank : 6 (As of May. 20, 2024)

View and export this data going back to 2014. Start your Free Trial

What is Catapult Group International Momentum Rank?

Catapult Group International has the Momentum Rank of 6.

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 Catapult Group International's Momentum Rank

For the Scientific & Technical Instruments subindustry, Catapult Group International'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.

Catapult Group International's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Catapult Group International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Catapult Group International's Momentum Rank falls into.

Catapult Group International Momentum Rank Related Terms

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

Catapult Group International (ASX:CAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Catapult Group International Ltd (ASX:CAT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CAZGF:USA

Address

75 High Street, Prahran, VIC, AUS, 3181

Website

https://www.catapultsports.com

Catapult Group International Ltd is a leading global sports data and analytics company that provides elite sporting teams and athletes with detailed, real-time data and analytics to optimize athlete performance, avoid injury, and improve return to play. Catapult's products and solutions are used by more than 4,000 sports teams and athletes, across more than 40 sports and 100 countries worldwide.