Climb Global Solutions (STU:PYA) Momentum Rank : 8 (As of Jun. 17, 2024)

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What is Climb Global Solutions Momentum Rank?

Climb Global Solutions has the Momentum Rank of 8.

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 Climb Global Solutions's Momentum Rank

For the Electronics & Computer Distribution subindustry, Climb Global Solutions'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.

Climb Global Solutions's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Climb Global Solutions's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Climb Global Solutions's Momentum Rank falls into.

Climb Global Solutions Momentum Rank Related Terms

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Climb Global Solutions (STU:PYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Climb Global Solutions Inc (STU:PYA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CLMB:USA

Address

4 Industrial Way West, Suite 300, Eatontown, NJ, USA, 07724

Website

https://www.waysidetechnology.com

Climb Global Solutions Inc is a cloud-based, value-added IT distribution and solutions company specializing in emerging technologies. It operates across the USA, Canada, and Europe through multiple business units, including Climb Channel Solutions, Sigma, Grey Matter, Interwork, and TechXtend. The Company is organized into two reportable operating segments. The Distribution segment distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators under the name Climb Channel Solutions. The Solutions segment is a cloud solutions provider and value-added reseller of software, hardware and services to customers under the names Grey Matter.

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