Data Modul AG (XTER:DAM) Momentum Rank : 1 (As of May. 12, 2024)

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What is Data Modul AG Momentum Rank?

Data Modul AG has the Momentum Rank of 1.

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 Data Modul AG's Momentum Rank

For the Electronic Components subindustry, Data Modul AG'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.

Data Modul AG's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Data Modul AG's Momentum Rank falls into.

Data Modul AG Momentum Rank Related Terms

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Data Modul AG (XTER:DAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Data Modul AG (XTER:DAM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DAM:Germany DAM:Germany

Address

Landsberger Strasse 322, Munich, DEU, 80687

Website

https://www.data-modul.com

Data Modul AG develops, manufactures & distributes flatbed displays, monitors, electronic subassemblies & complete information systems. It is organized into two main business segments. The Displays business segment engages in the purchase & distribution of displays, easy touch displays, electronic subassemblies & custom products. The Systems business segment comprises selling easy panel & easy embedded Solutions & special monitors for marine navigation & medical device applications. It serves customers in the mechanical engineering, medical device technology, automotive & gaming industries. The majority is from the Displays segment. Its principal geographical areas consist of Germany, Europe, America, Asia Pacific Africa, & the Rest of the world, out of which the majority is from Germany.

Data Modul AG (XTER:DAM) Headlines

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