Infronics Systems (BOM:537985) Momentum Rank : 6 (As of May. 14, 2024)

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What is Infronics Systems Momentum Rank?

Infronics Systems 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 Infronics Systems's Momentum Rank

For the Software - Application subindustry, Infronics Systems'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.

Infronics Systems's Momentum Rank Distribution in the Software Industry

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

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

Infronics Systems Momentum Rank Related Terms

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Infronics Systems (BOM:537985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Infronics Systems Ltd (BOM:537985) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No: 30, 31, Brigade Towers, West Wing, First Floor, Nanakramguda, Gachibowli, District - Rangareddi, Hyderabad, TG, IND, 500032

Website

https://www.infronics.com

Infronics Systems Ltd is engaged in technology-enabled information technology solutions. The company offers industry-specific software and hardware solutions. The company designs and exports various applications and products like Real-time locating systems (RTLS), Smart Certificate and Radio Frequency Identification (RFID) in India and as well as overseas. The company revenue is being generated by Software Development.

Infronics Systems (BOM:537985) Headlines

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