EVS Broadcast Equipment (XBRU:EVS) Momentum Rank : 6 (As of Apr. 24, 2024)

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What is EVS Broadcast Equipment Momentum Rank?

EVS Broadcast Equipment has the Momentum Rank of 6.

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 EVS Broadcast Equipment's Momentum Rank

For the Communication Equipment subindustry, EVS Broadcast Equipment'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.

EVS Broadcast Equipment's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where EVS Broadcast Equipment's Momentum Rank falls into.

EVS Broadcast Equipment Momentum Rank Related Terms

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EVS Broadcast Equipment (XBRU:EVS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » EVS Broadcast Equipment SA (XBRU:EVS) » Definitions » Momentum Rank

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Traded in Other Exchanges

EVSBY:USA 5E1:Germany

Address

Liege Science Park, 13 Rue Bois Saint-Jean, Seraing, BEL, B-4102

Website

https://www.evs.com

EVS Broadcast Equipment SA designs and markets digital electronic systems to broadcasters, production companies, post-production facilities, film studios, content owners, and archive libraries around the globe, to support the production of their sports, entertainment, and news programs. EVS provides solutions based on tapeless workflows with a consistent modular architecture. The company has a presence in Asia-Pacific, Europe, the Middle East and Africa, and America and generates its revenues from outside broadcast vans, studios, and others sporting event rentals.

EVS Broadcast Equipment (XBRU:EVS) Headlines

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