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Martello Technologies Group (TSXV:MTLO) Momentum Rank : 0 (As of Jun. 06, 2024)


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What is Martello Technologies Group Momentum Rank?

Martello Technologies Group 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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Martello Technologies Group (TSXV:MTLO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Martello Technologies Group Inc (TSXV:MTLO) » Definitions » Momentum Rank
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Traded in Other Exchanges
DRKOF:USA
Address
390 March Road, Suite 110, Ottawa, ON, CAN, K2K 0G7
Website
https://www.martellotech.com
Martello Technologies Group Inc is a technology company that provides digital experience monitoring (DEM) solutions. The company's products provide monitoring and analytics on the performance and user experience of critical cloud business applications while giving IT teams and service providers control and visibility of their entire IT infrastructure. Martello's software products include unified communications performance analytics, Microsoft 365 end-user experience monitoring and IT service monitoring and analytics. It has offices in Amsterdam, Geneva, Nice, Paris, Dallas and New York.
Executives
Colley Clarke Director

Martello Technologies Group (TSXV:MTLO) Headlines

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