Sangoma Technologies (TSX:STC) Momentum Rank : 6 (As of May. 21, 2024)

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What is Sangoma Technologies Momentum Rank?

Sangoma Technologies 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 Sangoma Technologies's Momentum Rank

For the Software - Infrastructure subindustry, Sangoma Technologies'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.

Sangoma Technologies's Momentum Rank Distribution in the Software Industry

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

* The bar in red indicates where Sangoma Technologies's Momentum Rank falls into.

Sangoma Technologies Momentum Rank Related Terms

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Sangoma Technologies (TSX:STC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sangoma Technologies Corp (TSX:STC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SANG:USA 54GA:Germany

Address

100 Renfrew Drive, Suite 100, Markham, ON, CAN, L3R 9R6

Website

https://www.sangoma.com

Sangoma Technologies Corp is a provider of hardware and software components that enable Internet protocol communications systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications. Its product includes Cloud Services, Video Conferencing, Carrier Services, Business Phone Systems, Phones & Devices, and Network Connectivity. The company sells into three major geographic centers: the United States of America, which is the key revenue driver, Canada, and other foreign countries.

Executives

Nenad Corbic	Senior Officer
Jamie Minner	Senior Officer
Samantha Reburn	Senior Officer
Lawrence A. Stock	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)