GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hubify Ltd (ASX:HFY) » Definitions » Momentum Rank

Hubify (ASX:HFY) Momentum Rank : 0 (As of May. 27, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Hubify Momentum Rank?

Hubify 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.

Hubify Momentum Rank Related Terms

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

Hubify (ASX:HFY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Hubify Ltd (ASX:HFY) » Definitions » Momentum Rank
Comparable Companies
ASX:VN8 ASX:SPA ASX:NOR ASX:FRX ASX:5GG ASX:ST1 SHSE:600941 CMCSA TMUS VZ T XTER:DTE TSE:9432 NSE:BHARTIARTL HKSE:00728 TSE:9433 TSE:9984 CHTR TSE:9434 AMX B
Traded in Other Exchanges
N/A
Address
65 Epping Road, Suite 1.01, Level 1, Macquarie Park, Sydney, NSW, AUS, 2113
Website
https://www.hubify.com.au
Hubify Ltd provides telecommunications services. It offers data management, fleet management, office broadband, digital phone, and other services. The company's product Global SIM is a prepaid service, which has no lock-in contract and no bill shock. It offers overseas travel with a low-cost international roaming SIM card. Its primary business segment is telecommunications namely voice, data, and value-added services. Geographically, it operates within Australia.

Hubify (ASX:HFY) Headlines

No Headlines