Casa Systems (STU:6CS) Momentum Rank : 0 (As of May. 20, 2024)

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What is Casa Systems Momentum Rank?

Casa Systems has the Momentum Rank of 0.

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.

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Casa Systems (STU:6CS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Casa Systems Inc (STU:6CS) » Definitions » Momentum Rank

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CASA:USA 6CS:Germany

Address

100 Old River Road, Andover, MA, USA, 01810

Website

https://www.casa-systems.com

Casa Systems Inc is engaged in providing a suite of software-centric infrastructure solutions that allow cable service providers to deliver voice, video and data services over a single platform at multi-gigabit speeds. In addition, the company offers solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom, and wireless networks. The company focuses on creating a software-centric, multi-service portfolio that enables a broad range of core and access network functions for fixed and wireless networks. The company's product line includes cable networks, IP networks, mobile networks, optical networks, professional and managed services and others. Substantial revenue is generated from North American operations.

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