Haivision Systems (TSX:HAI) Momentum Rank : 10 (As of May. 21, 2024)

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What is Haivision Systems Momentum Rank?

Haivision Systems has the Momentum Rank of 10.

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 Haivision Systems's Momentum Rank

For the Software - Infrastructure subindustry, Haivision 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.

Haivision Systems's Momentum Rank Distribution in the Software Industry

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

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

Haivision Systems Momentum Rank Related Terms

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Haivision Systems (TSX:HAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Haivision Systems Inc (TSX:HAI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HAIVF:USA

Address

2600 Boulevard Alfred Nobel, 5th Floor, Montreal, QC, CAN, H4S 0A9

Website

https://www.haivision.com

Haivision Systems Inc is a provider of infrastructure solutions for the video streaming market, servicing enterprises and governments globally. The organizations use company solutions to communicate, collaborate and educate customers and stakeholders. It delivers high quality, low latency, secure and reliable video through the entire IP video lifecycle, using a broad range of software, hardware, and services. Its geographical segments are Canada, International, and the United States, of which the majority of its revenue comes from the United States.

Executives

Miroslav Wicha

10% Security Holder, Director, Senior Officer

Haivision Systems (TSX:HAI) Headlines

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