FDM Group (Holdings) (CHIX:FDML) Momentum Rank : 2 (As of May. 26, 2024)

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What is FDM Group (Holdings) Momentum Rank?

FDM Group (Holdings) has the Momentum Rank of 2.

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 FDM Group (Holdings)'s Momentum Rank

For the Information Technology Services subindustry, FDM Group (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.

FDM Group (Holdings)'s Momentum Rank Distribution in the Software Industry

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

* The bar in red indicates where FDM Group (Holdings)'s Momentum Rank falls into.

FDM Group (Holdings) Momentum Rank Related Terms

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FDM Group (Holdings) (CHIX:FDML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » FDM Group (Holdings) PLC (CHIX:FDMl) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FDM.GB:UK FDM:UK 17F:Germany

Address

Cottons Lane, 3rd Floor, Cottons Centre, London, GBR, SE1 2QG

Website

https://www.fdmgroup.com

FDM Group (Holdings) PLC is a holdings company that provides a variety of information technology, or IT, services through its subsidiaries. The company's primary services consist of IT and business consulting with a focus on application development and testing, support, project management, data services, business analysis, business intelligence, and cybersecurity. The company organizes itself into four segments based on geography: United Kingdom, North America, Europe, the Middle East and Africa, and Asia-Pacific. The United Kingdom segment generates the majority of revenue.