Hansen Technologies (ASX:HSN) Momentum Rank : 4 (As of Jun. 01, 2024)

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What is Hansen Technologies Momentum Rank?

Hansen Technologies has the Momentum Rank of 4.

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 Hansen Technologies's Momentum Rank

For the Software - Application subindustry, Hansen Technologies'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.

Hansen Technologies's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Hansen Technologies's Momentum Rank distribution charts can be found below:

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

Hansen Technologies Momentum Rank Related Terms

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Hansen Technologies (ASX:HSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hansen Technologies Ltd (ASX:HSN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

H2T:Germany

Address

Level 2, 31 Queen Street, Melbourne, VIC, AUS, 3000

Website

http://www.hsntech.com

Hansen is a technology company providing software and services to the energy and utilities and communications sectors throughout the developed world. Hansen's products primarily relate to billings and adjacent functions, such as customer quotes, order capture, customer data management, and customer service. Additionally, Hansen has products assisting companies with developing new products, fulfilling orders, and managing various other operational processes.

Hansen Technologies (ASX:HSN) Headlines

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