PipeHawk (LSE:PIP) Momentum Rank : 0 (As of Jun. 11, 2024)

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What is PipeHawk Momentum Rank?

PipeHawk 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.

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PipeHawk (LSE:PIP) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Wyndham Street, 4 Manor Park Industrial Estate, Aldershot, Hampshire, GBR, GU12 4NZ

Website

https://www.pipehawk.com

PipeHawk PLC is engaged in the development, assembly, and sale of the test system and rail industry solutions and ground probing radar (GPR) equipment; the provision of GPR-based services, and the undertaking of complementary Research and Development assignments. The company's operating segment includes Adien- Utility detection and mapping services; QM Systems; Test system solutions; TED Limited- Rail trackside solutions included in the test system solutions segment; Wessex Precision Instruments Limited- Non-trading; PipeHawk Limited and Utsi Electronics Limited- Development, assembly and sale of GPR equipment. The company's geographical market includes the United Kingdom which generates key revenue and includes Europe and others.

PipeHawk (LSE:PIP) Headlines

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