hipages Group Holdings (ASX:HPG) Momentum Rank : 6 (As of Jun. 03, 2024)

View and export this data going back to 2020. Start your Free Trial

What is hipages Group Holdings Momentum Rank?

hipages Group Holdings has the Momentum Rank of 6.

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 hipages Group Holdings's Momentum Rank

For the Software - Application subindustry, hipages Group Holdings'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.

hipages Group Holdings's Momentum Rank Distribution in the Software Industry

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

* The bar in red indicates where hipages Group Holdings's Momentum Rank falls into.

hipages Group Holdings Momentum Rank Related Terms

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

hipages Group Holdings (ASX:HPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » hipages Group Holdings Ltd (ASX:HPG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

255 Pitt Street, Level 10, Sydney, NSW, AUS, 2000

Website

https://www.hipagesgroup.com.au

hipages Group Holdings Ltd is an online platform and software as a service provider that aims to connect tradies and consumers in order to resolve difficulties that come with organizing and coordinating home improvement jobs. The platform provides an efficient, technology-driven model to connect consumers with qualified tradies, and facilitates the management of other elements of the home improvement process, such as communication, payment, and ratings and recommendations. The company has two segments, Australia (hipages online tradie platform), and New Zealand (Builderscrack online tradie platform). The company generates the majority of its revenue from Australia.

hipages Group Holdings (ASX:HPG) Headlines

No Headlines