Droneshield (Droneshield) Momentum Rank : 3 (As of Apr. 27, 2024)

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What is Droneshield Momentum Rank?

Droneshield has the Momentum Rank of 3.

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 Droneshield's Momentum Rank

For the Computer Hardware subindustry, Droneshield'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.

Droneshield's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Droneshield's Momentum Rank distribution charts can be found below:

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

Droneshield Momentum Rank Related Terms

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Droneshield (Droneshield) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Droneshield Ltd (OTCPK:DRSHF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DRH:Germany DRO:Australia

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.droneshield.com

Droneshield Ltd develops and sells hardware and software for the detection of drones. The principal activity of the Company is the development, commercialisation and sales of hardware and software technology for drone detection and security. Its products include DroneGun Tactical, DroneCannon, DroneNode, and DroneShield Complete. The company provides its solutions to government and military, airports, commercial venues, prisons, and critical infrastructure. Its geographical segments are the United States and Australia.

Droneshield (Droneshield) Headlines

From GuruFocus

DroneShield Awarded Record $33 Million U.S. Government Contract

By PRNewswire • 07-17-2023