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MotorK (XAMS:MTRK) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is MotorK Momentum Rank?

MotorK 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.

MotorK Momentum Rank Related Terms

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MotorK (XAMS:MTRK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » MotorK PLC (XAMS:MTRK) » Definitions » Momentum Rank
Comparable Companies
XAMS:NEDSE XAMS:GOJXN XAMS:TITAN XAMS:CMCOM CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP SNOW TEAM ADSK TSX:CSU TTD DDOG
Traded in Other Exchanges
5FS:Germany
Address
One New Change, 5th Floor, London, GBR, EC4M 9AF
Website
https://www.motork.io
MotorK PLC is specialized in the development of SaaS solutions in digital sales and marketing for the automotive retail sector. The company offers platforms for maximizing traffic acquisition, managing inventory, managing sales operations, managing omni-channel prospects, launching promotional campaigns and others.

MotorK (XAMS:MTRK) Headlines

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