Mastech Digital (STU:MS4A) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is Mastech Digital Momentum Rank?

Mastech Digital 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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Mastech Digital (STU:MS4A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mastech Digital Inc (STU:MS4A) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MHH:USA

Address

1305 Cherrington Parkway, Building 210, Suite 400, Moon Township, PA, USA, 15108

Website

https://www.mastechdigital.com

Mastech Digital Inc is a provider of Digital Transformation IT Services. The Company offers data & analytics solutions & IT staffing services for both digital & mainstream technologies. The Group has two segments. Its Data & Analytics Services segment delivers specialized data management, data engineering, customer experience consulting, data analytics & cloud services to customers globally. IT Staffing Services segment combines technical expertise with business process experience to deliver a broad range of services in digital & mainstream technologies. Its digital transformation services also include staffing & project-based services around digital learning. The company derives a majority of its revenue from IT staffing services. Geographically, the majority is from the United States.

Mastech Digital (STU:MS4A) Headlines

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