IODM (ASX:IOD) Momentum Rank : 2 (As of Dec. 15, 2024)

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What is IODM Momentum Rank?

IODM has the Momentum Rank of 2.

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 IODM's Momentum Rank

For the Software - Application subindustry, IODM'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.

IODM's Momentum Rank Distribution in the Software Industry

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

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

IODM Momentum Rank Related Terms

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IODM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IODM Ltd (ASX:IOD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

385 Bourke Street, Level 23, Melbourne, VIC, AUS, 3000

Website

https://www.iodm.com.au

IODM Ltd provides cloud-based software services in Australia. It develops an automated debtor management solution, which provides accounts receivable monitoring and collection management tool through a central cloud-based platform for businesses. The company generates revenue in the form of setup and customisation fees and licencing fees. The company has one operating segment, cloud based software as a service provider. The geographic market includes Australia, New Zealand, the United States, and the United kingdom. The majority of revenue is generated from the United Kingdom.

IODM Headlines

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