Nagarro SE (Nagarro SE) Momentum Rank : 7 (As of Jun. 23, 2024)

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What is Nagarro SE Momentum Rank?

Nagarro SE has the Momentum Rank of 7.

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 Nagarro SE's Momentum Rank

For the Information Technology Services subindustry, Nagarro SE'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.

Nagarro SE's Momentum Rank Distribution in the Software Industry

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

* The bar in red indicates where Nagarro SE's Momentum Rank falls into.

Nagarro SE Momentum Rank Related Terms

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Nagarro SE (Nagarro SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nagarro SE (OTCPK:NGRRF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NA9d:UK 0AA3:UK NA9:Germany

Address

Baierbrunner Street 15, Munich, BY, DEU, 81379

Website

https://www.nagarro.com

Nagarro SE is a digital engineering company. It offers application development and management, digital product engineering, artificial intelligence and machine learning, cloud solutions, digital marketing, IoT solutions, digital commerce solutions, managed services, and others. The company's geographical segment includes North America, Central Europe, Rest of Europe, and Rest of World. It derives a majority of its revenue from the Central Europe segment.