Koal Software Co (SHSE:603232) Momentum Rank : 2 (As of May. 04, 2024)

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What is Koal Software Co Momentum Rank?

Koal Software Co has the Momentum Rank of 2.

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 Koal Software Co's Momentum Rank

For the Software - Infrastructure subindustry, Koal Software Co'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.

Koal Software Co's Momentum Rank Distribution in the Software Industry

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

* The bar in red indicates where Koal Software Co's Momentum Rank falls into.

Koal Software Co Momentum Rank Related Terms

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Koal Software Co (SHSE:603232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Koal Software Co Ltd (SHSE:603232) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 299, Jiangchang West Road, 6th Floor, Room 601, No. 5, Building 4, Central Times Square, Jingan District, Shanghai, CHN, 200436

Website

http://www.koal.com

Koal Software Co Ltd is engaged in the development, production, sale, and service of commercial password software to the information security industry and public key infrastructure field. Its product line includes digital certificate authentication system; secure authentication gateway; signature verification server; electronic signature system; secure email system; secure instant messaging system; electronic file management system; LAN access authentication system; and mobile media management system.

Koal Software Co (SHSE:603232) Headlines

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