Mastek (BOM:523704) Momentum Rank : 7 (As of May. 25, 2024)

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What is Mastek Momentum Rank?

Mastek 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 Mastek's Momentum Rank

For the Information Technology Services subindustry, Mastek'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.

Mastek's Momentum Rank Distribution in the Software Industry

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

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

Mastek Momentum Rank Related Terms

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Mastek (BOM:523704) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mastek Ltd (BOM:523704) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

MASTEK:India

Address

No 106, SDF IV, Seepz, Andheri (East), Mumbai, MH, IND, 400 096

Website

https://www.mastek.com

Mastek Ltd, along with its subsidiaries is a provider of vertically-focused enterprise technology solutions. The company's offering portfolio consists of information technology consulting, application maintenance, application development, application management outsourcing, testing, data warehousing, business intelligence, and application security. It also focuses on agile consulting, legacy modernisation, Oracle Cloud, Oracle ERP Cloud, product-as-a-service solutions and machine learning, and digital e-commerce. Geographically the company exports its services to the United Kingdom, North America, the Middle East, and Other regions. The United Kingdom region generates maximum revenue for the company.

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