eClerx Services (NSE:ECLERX) Momentum Rank : 7 (As of Jun. 21, 2024)

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What is eClerx Services Momentum Rank?

eClerx Services 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 eClerx Services's Momentum Rank

For the Information Technology Services subindustry, eClerx Services'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.

eClerx Services's Momentum Rank Distribution in the Software Industry

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

* The bar in red indicates where eClerx Services's Momentum Rank falls into.

eClerx Services Momentum Rank Related Terms

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eClerx Services (NSE:ECLERX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » eClerx Services Ltd (NSE:ECLERX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

532927:India

Address

Nariman Point, 4th Floor, Express Towers, Mumbai, MH, IND, 400 021

Website

https://www.eclerx.com

eClerx Services Ltd provides a variety of information technology, or IT, and knowledge and business process outsourcing services. The firm's financial services include expense management and accounting and finance, digital marketing services that include customer relationship management and business intelligence, digital branding services that include multi-channel media content management, and cable and telecom services. The company organizes itself into four segments based on geography: United States, United Kingdom, Europe, and Asia-Pacific. The majority of revenue comes from the United States.

eClerx Services (NSE:ECLERX) Headlines

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