Cirata (LSE:CRTA) Momentum Rank : 2 (As of May. 19, 2024)

View and export this data going back to 2012. Start your Free Trial

What is Cirata Momentum Rank?

Cirata 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 Cirata's Momentum Rank

For the Software - Application subindustry, Cirata'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.

Cirata's Momentum Rank Distribution in the Software Industry

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

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

Cirata Momentum Rank Related Terms

Thank you for viewing the detailed overview of Cirata's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Cirata (LSE:CRTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cirata Plc (LSE:CRTA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

WANSF:USA CRTA:UK

Address

1-13 Angel Street, Castle House, Sheffield, GBR, S3 8LN

Website

https://www.cirata.com

Cirata Plc is a provider of collaboration software to the software development industry. It offers Active Data Replication, a patented technology that enables the replication of continuously changing data to the cloud and on-premises data centers. The company primarily serves the big data and source code management markets. In addition, the company offers cloud migration, cloud replication, data lakes, developer collaboration, real-time analytics, and the internet of things. The company currently operates in three geographical markets: North America, Europe, and the Rest of the World. The company's largest end market by revenue in North America.

Cirata (LSE:CRTA) Headlines

No Headlines