Gentrack Group (NZSE:GTK) Momentum Rank : 6 (As of Jun. 03, 2024)

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What is Gentrack Group Momentum Rank?

Gentrack Group 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 Gentrack Group's Momentum Rank

For the Software - Infrastructure subindustry, Gentrack 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.

Gentrack Group's Momentum Rank Distribution in the Software Industry

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

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

Gentrack Group Momentum Rank Related Terms

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Gentrack Group (NZSE:GTK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Gentrack Group Ltd (NZSE:GTK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GTK:Australia

Address

17 Hargreaves Street, St Marys Bay, Auckland, NTL, NZL, 1011

Website

https://www.gentrack.com

Gentrack Group Ltd is engaged in the development, integration, and support of enterprise billing and customer management software solutions for the utility (energy and water) and airport industries. The company operates in two business segments which are Utility Billing Software and Airport Management Software, of which the Utility Billing Software segment generates maximum revenue for the company. Its product portfolio consists of Gentrack velocity, junifer systems, Veovo, blip track, Evolve and others.

Gentrack Group (NZSE:GTK) Headlines

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