GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Gilat Telecom Global Ltd (XTAE:GLTL) » Definitions » Momentum Rank

Gilat Telecom Global (XTAE:GLTL) Momentum Rank : 0 (As of Apr. 30, 2024)


View and export this data going back to 1994. Start your Free Trial

What is Gilat Telecom Global Momentum Rank?

Gilat Telecom Global 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.

Gilat Telecom Global Momentum Rank Related Terms

Thank you for viewing the detailed overview of Gilat Telecom Global's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Gilat Telecom Global (XTAE:GLTL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Gilat Telecom Global Ltd (XTAE:GLTL) » Definitions » Momentum Rank
Comparable Companies
XTAE:SCC XTAE:IGLD-M XTAE:NXTM SHSE:600941 CMCSA TMUS VZ T XTER:DTE TSE:9432 NSE:BHARTIARTL HKSE:00728 TSE:9433 TSE:9984 CHTR TSE:9434 AMX B SAU:7010 ADX:EAND TSX:BCE
Traded in Other Exchanges
N/A
Address
21 Yegia Kapayim Street, P O Box 7144, Petach-Tikva, ISR, 4913020
Website
https://www.gilat.net
Gilat Telecom Global Ltd is engaged in providing end-to-end communication solutions including bandwidth and connectivity over satellite, fiber optic, and radio infrastructure to cellular operators, Internet providers, enterprises, government organizations, and emergency and rescue services in Africa and the middle east.

Gilat Telecom Global (XTAE:GLTL) Headlines

No Headlines