4iG Nyrt (BUD:4IG) Momentum Rank : 0 (As of Dec. 14, 2024)

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What is 4iG Nyrt Momentum Rank?

4iG Nyrt 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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4iG Nyrt Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Krisztina krt. 39, Budapest, HUN, 1013

Website

https://www.4ig.hu

4iG Nyrt operates in the software application industry in Hungary. The company is engaged in project management and professional quality assurance, operation of database and application servers, oracle ERP and CMS development, implementation and operate ECM solutions, and account management consultancy. It operates through the following segments: IT services and trade; Telecommunications and Other activities. The company generates maximum revenue from the Telecommunications segment.

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