JCurve Solutions (ASX:JCS) Momentum Rank : 0 (As of May. 23, 2024)

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What is JCurve Solutions Momentum Rank?

JCurve Solutions has the Momentum Rank of 0.

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.

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JCurve Solutions (ASX:JCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » JCurve Solutions Ltd (ASX:JCS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

126 Phillip Street, Level 5, Deutsche Bank Building, Sydney, NSW, AUS, 2000

Website

https://www.jcurvesolutions.com

JCurve Solutions Ltd provides cloud-based performance software to meet the business management needs of growing small and medium businesses in Australia, New Zealand, and internationally. The company's operating segments include ERP - ANZ; TEMS; Riyo; ERP - Asia, Quicta, and Dygiq. It generates maximum revenue from the ERP - ANZ segment.