SecureKloud Technologies (BOM:512161) Momentum Rank : 5 (As of Jun. 25, 2024)

View and export this data going back to 2010. Start your Free Trial

What is SecureKloud Technologies Momentum Rank?

SecureKloud Technologies has the Momentum Rank of 5.

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 SecureKloud Technologies's Momentum Rank

For the Software - Application subindustry, SecureKloud Technologies'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.

SecureKloud Technologies's Momentum Rank Distribution in the Software Industry

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

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

SecureKloud Technologies Momentum Rank Related Terms

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

SecureKloud Technologies (BOM:512161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SecureKloud Technologies Ltd (BOM:512161) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SECURKLOUD:India

Address

Venkat Narayana Road, No. 37 and 38, ASV Ramana Towers, 5th Floor, T. Nagar, Chennai, TN, IND, 600 017

Website

https://www.securekloud.com

SecureKloud Technologies Ltd is a cloud-native company with a combination of products, frameworks, and services, designed to solve problems around Blockchain, Cloud, Enterprise Security, Decision Engineering, and Managed Services. The company provides Cloud Expertise Spans Security, Automation, and Analytics and has partnerships with Amazon Web Services, Microsoft Azure, IBM, Google Cloud Platform, and VMWare. Geographically, it derives a majority of its revenue from India.

SecureKloud Technologies (BOM:512161) Headlines

No Headlines