Iridium Communications (Iridium Communications) Momentum Rank : 2 (As of Apr. 29, 2024)

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What is Iridium Communications Momentum Rank?

Iridium Communications has the Momentum Rank of 2.

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 Iridium Communications's Momentum Rank

For the Telecom Services subindustry, Iridium Communications'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.

Iridium Communications's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Iridium Communications's Momentum Rank distribution charts can be found below:

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

Iridium Communications Momentum Rank Related Terms

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Iridium Communications (Iridium Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Iridium Communications Inc (NAS:IRDMB.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IRDM:USA 6IC:Germany

Address

1750 Tysons Boulevard, Suite 1400, McLean, VA, USA, 22102

Website

https://www.iridium.com

Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies, and other customers on a global basis. The company is a provider of mobile voice and data communications services through a constellation of low earth-orbiting satellites. Reaching across land, sea, and air, including the polar regions, Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation, and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world.