SPS Commerce (STU:S86) Momentum Rank : 7 (As of May. 27, 2024)

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What is SPS Commerce Momentum Rank?

SPS Commerce has the Momentum Rank of 7.

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 SPS Commerce's Momentum Rank

For the Software - Infrastructure subindustry, SPS Commerce'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.

SPS Commerce's Momentum Rank Distribution in the Software Industry

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

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

SPS Commerce Momentum Rank Related Terms

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SPS Commerce (STU:S86) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SPS Commerce Inc (STU:S86) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SPSC:USA S86:Germany

Address

333 South Seventh Street, Suite 1000, Minneapolis, MN, USA, 55402

Website

https://www.spscommerce.com

SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. Its products are; Fulfillment, Analytics, and Other products like Assortment and Community also it provides one-time services such as professional services and testing and certification. The group derives revenue from recurring monthly fees and set-up fees.

SPS Commerce (STU:S86) Headlines

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