Digital Ally (STU:QB90) Momentum Rank : 4 (As of May. 05, 2024)

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What is Digital Ally Momentum Rank?

Digital Ally has the Momentum Rank of 4.

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 Digital Ally's Momentum Rank

For the Internet Content & Information subindustry, Digital Ally'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.

Digital Ally's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Digital Ally's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Digital Ally's Momentum Rank falls into.

Digital Ally Momentum Rank Related Terms

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Digital Ally (STU:QB90) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Digital Ally Inc (STU:QB90) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DGLY:USA

Address

14001 Marshall Drive, Lenexa, KS, USA, 66215

Website

https://www.digitalallyinc.com

Digital Ally Inc produces digital video imaging and storage products for use in law enforcement, security, and commercial applications. Its products are an in-car digital video/audio recorder contained in a rear-view mirror for use in law enforcement and commercial fleets. It can integrate electronic, radio, computer and multi-media technologies to create solutions to address needs in a variety of other industries and markets, including mass transit, school bus, taxicab and military. The company sells its products to law enforcement agencies and other security organizations and consumer and commercial fleet operators through direct sales domestically and third-party distributors internationally. It has three segments: Video Solutions Segment, Revenue Cycle Management and Ticketing Segment.

Digital Ally (STU:QB90) Headlines

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