Digi Communications NV (BSE:DIGI) Momentum Rank : 3 (As of Jun. 23, 2024)

View and export this data going back to 2017. Start your Free Trial

What is Digi Communications NV Momentum Rank?

Digi Communications NV has the Momentum Rank of 3.

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 Digi Communications NV's Momentum Rank

For the Telecom Services subindustry, Digi Communications NV'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.

Digi Communications NV's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Digi Communications NV's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Digi Communications NV's Momentum Rank falls into.

Digi Communications NV Momentum Rank Related Terms

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

Digi Communications NV (BSE:DIGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Digi Communications NV (BSE:DIGI) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

75 Dr. Staicovici Street, Forum 2000 Building, Phase I, Fourth Floor, 5th District, Bucharest, ROU

Website

https://www.digi-communications.ro

Digi Communications NV is a provider of telecommunication services. The company provides cable and DTH television services, fixed internet and data and fixed-line telephony. Its fixed telecommunication and entertainment services are offered through fiber optic network in Romania and Hungary. Its cable and satellite (DTH) television offers subscribers custom-made channels and pay TV services, which carry premium movies and sports content. Geographically, it derives a majority of its revenue from Romania.

Digi Communications NV (BSE:DIGI) Headlines

From GuruFocus

Digitiliti, Inc. (DIGI) Commences Buy-Out Negotiations

By ACCESSWIRE AccessWire • 04-12-2019