CyanConnode Holdings (FRA:CUAN) Momentum Rank : 2 (As of Jun. 25, 2024)

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What is CyanConnode Holdings Momentum Rank?

CyanConnode 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 CyanConnode Holdings's Momentum Rank

For the Communication Equipment subindustry, CyanConnode 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.

CyanConnode Holdings's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, CyanConnode Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CyanConnode Holdings's Momentum Rank falls into.

CyanConnode Holdings Momentum Rank Related Terms

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CyanConnode Holdings (FRA:CUAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CyanConnode Holdings PLC (FRA:CUAN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CYAN:UK

Address

Milton Road, Merlin Place, Cambridge, GBR, CB4 0DP

Website

https://www.cyanconnode.com

CyanConnode Holdings PLC designs and develops wireless monitoring and control products for smart metering, lighting, and the Internet of Things applications. The company provides customers with long-range, low-power, end-to-end networking solutions and high-performance applications that help them enhance service delivery, improve business efficiency, and save energy. The company offers a range of solutions including Narrowband RF mesh, Ultimesh, Panmesh, and Omnimesh. The company has operations in Europe, Asia, and Rest of World.

CyanConnode Holdings (FRA:CUAN) Headlines

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