Verra Mobility (FRA:0YK) Momentum Rank : 0 (As of Jun. 20, 2024)

View and export this data going back to 2022. Start your Free Trial

What is Verra Mobility Momentum Rank?

Verra Mobility 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.

Verra Mobility Momentum Rank Related Terms

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

Verra Mobility (FRA:0YK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Verra Mobility Corp (FRA:0YK) » Definitions » Momentum Rank

Traded in Other Exchanges

VRRM:USA

Address

1150 North Alma School Road, Mesa, AZ, USA, 85201

Website

https://www.verramobility.com

Verra Mobility Corp provides smart transportation solutions. The company develops and uses technology and data intelligence to help make transportation safer and easier. It operates in three segments namely Commercial Services, Government Solutions, and Parking Solutions. It generates maximum revenue from the Commercial Services segment. The commercial Services segment delivers tolling and violation management services to rental car companies, commercial fleet vehicle owners, and violation issuing authorities.

Verra Mobility (FRA:0YK) Headlines

No Headlines