Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao (BSP:VLID3) Momentum Rank : 10 (As of Apr. 26, 2024)

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What is Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao Momentum Rank?

Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao has the Momentum Rank of 10.

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 Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao's Momentum Rank

For the Specialty Business Services subindustry, Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao'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.

Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao's Momentum Rank falls into.

Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao Momentum Rank Related Terms

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Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao (BSP:VLID3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao (BSP:VLID3) » Definitions » Momentum Rank

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Traded in Other Exchanges

N/A

Address

511 - Jardim Novo Mundo, Rua Laura Maiello Kook, Sorocaba, SP, BRA, 18052-445

Website

https://www.valid.com.br

Valid Solucoes eServicos de Seguranca em Meios de Pagamento e Identificacao is engaged in the printing industry which includes security prints, lottery tickets, and systems which include electronic, plastic, and magnetic cards, card encoding, and development, implementation, and execution of electronic document management projects. The reporting segments of the company are means of payment which consists of cards for purposes like payments, identification, and customization, an identification which provides physical and electronic solutions, telecom which offers solutions like instant lottery tickets, and digital certification which offers products, services, consulting and technology for the issue, and use of global, private and Brazilian government certified digital certificates.

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