Mission Ready Solutions (FRA:2R4) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is Mission Ready Solutions Momentum Rank?

Mission Ready Solutions 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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Mission Ready Solutions (FRA:2R4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mission Ready Solutions Inc (FRA:2R4) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MSNVF:USA

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.mrscorp.com

Mission Ready Solutions Inc provides comprehensive government contracting solutions with extensive experience in delivering quality, reliable, mission-critical products and services for law enforcement, firefighters, first responders, the military, and other governmental agencies. Its wholly-owned subsidiary, Unifire Inc, leverages its robust vendor network, industry relationships, proprietary technology infrastructure, and manufacturing and distribution capabilities to efficiently source and deliver more than 1.5 million products. The company has two reportable business segments in the defense, security, and first-responder markets: consulting and manufacturer representation; and inspection, cleaning, and repair services of protective services gear.

Mission Ready Solutions (FRA:2R4) Headlines

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