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RPMGlobal Holdings (ASX:RUL) Momentum Rank : 6 (As of Apr. 29, 2024)


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What is RPMGlobal Holdings Momentum Rank?

RPMGlobal Holdings 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 RPMGlobal Holdings's Momentum Rank

For the Software - Application subindustry, RPMGlobal Holdings'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.


RPMGlobal Holdings's Momentum Rank Distribution in the Software Industry

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

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



RPMGlobal Holdings Momentum Rank Related Terms

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RPMGlobal Holdings (ASX:RUL) Business Description

Traded in Other Exchanges
Address
310 Ann Street, Level 14, Brisbane, QLD, AUS, 4000
RPMGlobal Holdings Ltd engages in the provision of advisory consulting, technology, and professional development solutions to the mining industry. Its segments include Software Division and Advisory Division Software Division which accounts for majority revenue provides software offerings, including maintenance, training and implementation services to mining companies. Advisory Division provides consulting and advisory services, which cover technical and economic analysis, and assessment of mining activities and resources on behalf of mining companies, to mining companies and projects.

RPMGlobal Holdings (ASX:RUL) Headlines

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