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GlobalData (GlobalData) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is GlobalData Momentum Rank?

GlobalData 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.

GlobalData Momentum Rank Related Terms

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GlobalData (GlobalData) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GlobalData PLC (OTCPK:GLDAF) » Definitions » Momentum Rank
Comparable Companies
LSE:AFM LSE:FNTL LSE:RCDO LSE:ELIX LSE:SAG LSE:GTLY LSE:PPHC LSE:MANO LSE:DRV LSE:EXPN VRSK EFX BAH XSWX:SGSN TRU XPAR:BVI FCN ASX:ALQ XSWX:DKSH TSE:6532
Traded in Other Exchanges
DATA:UK YK6:Germany
Address
John Carpenter Street, John Carpenter House, London, GBR, EC4Y 0AN
Website
https://www.globaldata.com
GlobalData PLC is a UK-based data analyzing and publishing company. The firm conducts industry analysis and research reports and also provides forecasts to help its clients make informed decisions. The company has spread across the Asia Pacific, EMEA, Latin and North America serving clients from the consumer, information communications technology, and healthcare markets. The Group operates within a single segment, data, analytics, and insights.