NorCom Information Technology GmbH KGaA (XTER:NC5A) Momentum Rank : 1 (As of Jun. 23, 2024)

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What is NorCom Information Technology GmbH KGaA Momentum Rank?

NorCom Information Technology GmbH KGaA has the Momentum Rank of 1.

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 NorCom Information Technology GmbH KGaA's Momentum Rank

For the Specialty Business Services subindustry, NorCom Information Technology GmbH KGaA'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.

NorCom Information Technology GmbH KGaA's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, NorCom Information Technology GmbH KGaA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where NorCom Information Technology GmbH KGaA's Momentum Rank falls into.

NorCom Information Technology GmbH KGaA Momentum Rank Related Terms

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NorCom Information Technology GmbH KGaA (XTER:NC5A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » NorCom Information Technology GmbH & Co KGaA (XTER:NC5A) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NC5A:Germany NC5A:Germany

Address

Gabelsbergerstrasse 4, Munich, BY, DEU, 80333

Website

http://www.norcom.de

NorCom Information Technology GmbH & Co KGaA develops and implements AI solutions for international companies. NorCom offers technological solutions for issues that pose challenges to almost all large corporations and large public administrations: Fast, secure work with and exchange of large amounts of data, information governance, legally compliant data lifecycle management, and the use of artificial intelligence and data analytics in the mentioned areas. NorCom offers a complete range consisting of large data and AI solutions. The services include data science consulting, software development, infrastructure services, and the software solution DaSense.

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