Shearwater Group (FRA:DTW1) Momentum Rank : 5 (As of Jun. 24, 2024)

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What is Shearwater Group Momentum Rank?

Shearwater Group has the Momentum Rank of 5.

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 Shearwater Group's Momentum Rank

For the Software - Infrastructure subindustry, Shearwater Group'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.

Shearwater Group's Momentum Rank Distribution in the Software Industry

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

* The bar in red indicates where Shearwater Group's Momentum Rank falls into.

Shearwater Group Momentum Rank Related Terms

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Shearwater Group (FRA:DTW1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shearwater Group PLC (FRA:DTW1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SWG:UK

Address

1 King William Street, London, GBR, EC4N 7AF

Website

https://www.shearwatergroup.com

Shearwater Group PLC is a UK-based company focused on providing digital resilience solutions. The company delivers cybersecurity, network monitoring technologies, managed security services, Data Loss Prevention, Identity & Access Security, IT Solutions, Penetration Testing & Red Teaming, and other services. Its operating segment includes software and services. The company generates maximum revenue from the Services segment. Its geographical segments include the United Kingdom(UK) and Europe(excluding the UK), North America, and the Rest of the world, of which the majority of the revenue is derived from the UK.

Shearwater Group (FRA:DTW1) Headlines

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