NIC (EGOV) Momentum Rank : 0 (As of May. 06, 2024)

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What is NIC Momentum Rank?

NIC has the Momentum Rank of 0.

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.

NIC Momentum Rank Related Terms

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NIC (EGOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NIC Inc (NAS:EGOV) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

25501 West Valley Parkway, Suite 300, Olathe, KS, USA, 66061

Website

https://www.egov.com

NIC Inc is a leading provider of digital government services that help governments use technology to provide a higher level of service to businesses and citizens and increase efficiencies. The company has two operating channels: state enterprise businesses and software and services businesses. In State enterprise businesses, the company enters into long-term contracts with state and local governments to design, build and operate Internet-based, enterprise-wide portals on their behalf, the software and services businesses provide software development and payment processing services, other than outsourced portal services, to state and local governments as well as federal agencies. It generates a majority of its revenue from the State Enterprise.

Executives

Venmal (raji) Arasu	director	25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Douglas Rogers	officer: Sr VP, Business Development	25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061
Elizabeth Mccarrell Proudfit	officer: Sr VP, Marketing & Comm	25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061
Sylvester Jr. James	director	25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061
Elizabeth Amegan Thomas	officer: Chief of Staff	25501 W. VALLEY PKWY, SUITE 300 OLATHE KS 66061
Brian Gerald Anderson	officer: Chief Technology Officer	C/O NIC INC. 25501 WEST VALLEY PARKWAY, SUITE 300 OLATHE KS 66061
Art N Burtscher	director	C/O NOVASTAR FINANCIAL INC 8140 WARD PARKWAY, STE 300 KANSAS CITY MO 64114
Alexander C Kemper	director	C/O NIC INC., 25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Peter B Wilson	director	10540 SOUTH RIDGEVIEW ROAD OLATHE KS 66061
William M Lyons	director	225 WEST WACKER DRIVE, CHICAGO IL 60606
Charles Bradford Henry	director	25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061
Jayaprakash Vijayan	director	25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Anthony Scott	director	25501 WEST VALLEY PARKWAY, OLATHE KS 66061
Van Asselt William A.	officer: General Counsel	25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061
Harry Herington	director, officer: Chair of Board & CEO	25501 WEST VALLEY PARKWAY SUITE 300 OLATHE KS 66061