Tribal Group (LSE:TRB) Momentum Rank : 8 (As of Jun. 03, 2024)

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What is Tribal Group Momentum Rank?

Tribal Group has the Momentum Rank of 8.

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 Tribal Group's Momentum Rank

For the Software - Application subindustry, Tribal Group'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.

Tribal Group's Momentum Rank Distribution in the Software Industry

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

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

Tribal Group Momentum Rank Related Terms

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Tribal Group (LSE:TRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tribal Group PLC (LSE:TRB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TRB.GB:UK

Address

One Queen Street, Kings Orchard, Bristol, GBR, BS2 0HQ

Website

https://www.tribalgroup.com

Tribal Group PLC is a provider of education software and services for international education, learning and training markets. It has two business segments. Student Information Systems segment represents the delivery of software and subsequent maintenance and support services and the activities through which it deploys and configures software for its customers. Education Services (ES) segment represents inspection and review services which support the assessment of educational delivery, and a portfolio of performance improvement tools and services, including analytics, software solutions, facilities, and asset management. The company generates maximum revenue from the SIS segment. Geographically, it operates in the UK, Australia, other Asia Pacific, North America and the rest of the world.

Tribal Group (LSE:TRB) Headlines

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