Enprise Group (NZSE:ENS) Momentum Rank : 6 (As of Dec. 12, 2024)

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What is Enprise Group Momentum Rank?

Enprise Group has the Momentum Rank of 6.

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 Enprise Group's Momentum Rank

For the Software - Application subindustry, Enprise 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.

Enprise Group's Momentum Rank Distribution in the Software Industry

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

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

Enprise Group Momentum Rank Related Terms

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Enprise Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Enprise Group Ltd (NZSE:ENS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Hugo Johnston Drive, Level 2, Penrose, Auckland, NTL, NZL, 1061

Website

https://www.enprisegroup.com

Enprise Group Ltd is a hi-tech software and services investment company. The company has invested in four businesses: Kilimanjaro Consulting, iSell, Datagate Innovation, and Vadacom. It provides MYOB enterprise software systems, which include MYOB Advanced and MYOB Exo software platforms. The company also offers cloud-based quoting systems (IT Quoter) on a software-as-a-service model for the IT reseller market. It generates the majority of its revenue from the Kilimanjaro Consulting segment. Its geographic segments include New Zealand, Australia, EMEA (Europe, Middle East, and Africa), North America, and Asia of which it generates the majority of revenue from Australia.