Data Patterns (India) (NSE:DATAPATTNS) Momentum Rank : 7 (As of May. 12, 2025)

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What is Data Patterns (India) Momentum Rank?

Data Patterns (India) has the Momentum Rank of 7.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Data Patterns (India)'s Momentum Rank

For the Aerospace & Defense subindustry, Data Patterns (India)'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.

Data Patterns (India)'s Momentum Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Data Patterns (India)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Data Patterns (India)'s Momentum Rank falls into.

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Data Patterns (India) Momentum Rank Related Terms

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Data Patterns (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Data Patterns (India) Ltd (NSE:DATAPATTNS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

543428:India

Address

Plot H9, Fourth Main Road, SIPCOT IT Park, Siruseri, Off Rajiv Gandhi Salai (OMR), Chennai, TN, IND, 603103

Website

https://www.datapatternsindia.com

Data Patterns (India) Ltd is a defense and aerospace electronics solutions provider catering to the indigenously developed defense products industry. The company caters to the entire spectrum of defense and aerospace platforms offering products like cockpit and rugged displays, naval systems, space systems, radar and radar systems, electronic warfare, and avionic systems among others. It operates only in one business segment i.e. manufacture and sale of electronic boards and systems and related maintenance services for the defense sector. Geographically, a majority of its revenue is generated from its operations in India.

Data Patterns (India) Headlines

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