HMS Networks AB (HMS Networks AB) Momentum Rank : 7 (As of Apr. 27, 2024)

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What is HMS Networks AB Momentum Rank?

HMS Networks AB has the Momentum Rank of 7.

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 HMS Networks AB's Momentum Rank

For the Communication Equipment subindustry, HMS Networks AB'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.

HMS Networks AB's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where HMS Networks AB's Momentum Rank falls into.

HMS Networks AB Momentum Rank Related Terms

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HMS Networks AB (HMS Networks AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » HMS Networks AB (OTCPK:HMNKF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HMS:Sweden 4H3A:Germany

Address

Stationsgatan 37, Box 4126, Halmstad, SWE, SE-300 04

Website

https://www.hms-networks.com

HMS Networks AB is a supplier of proprietary, patented technology for intelligent industrial communication. It develops and manufactures solutions for connecting industrial products to networks and gateways, thus enabling interconnection between various networks. The group sells products in various countries including Germany. It generates majority of its revenue from USA, Japan, France, China, Sweden, Italy, and other countries. The brands of the company are Anybus, Ewon, Intesis and Ixxat.

HMS Networks AB (HMS Networks AB) Headlines

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