Data Patterns (India) (NSE:DATAPATTNS) Momentum Rank : 0 (As of Jun. 08, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Data Patterns (India) Momentum Rank?

Data Patterns (India) 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.

Data Patterns (India) Momentum Rank Related Terms

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

Data Patterns (India) (NSE:DATAPATTNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Data Patterns (India) Ltd (NSE:DATAPATTNS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

543428:India

Address

Plot H9, Fourth Main Road, SIPCOT IT Park, Siruseri, Chennai, TN, IND, 603103

Website

https://www.datapatternsindia.com

Data Patterns (India) Ltd is a defense and aerospace electronics solutions provider catering to the indigenously developed defense products industry. The company offers products to the entire spectrum of defense and aerospace platforms such as space, air, land, and sea. The Company operates only in one business segment i.e. manufacture, sale and service of defense electronics.

Data Patterns (India) (NSE:DATAPATTNS) Headlines

No Headlines