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Water Io (XTAE:WATR) Momentum Rank : 0 (As of Jun. 11, 2024)


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What is Water Io Momentum Rank?

Water Io 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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Water Io (XTAE:WATR) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Water Io Ltd (XTAE:WATR) » Definitions » Momentum Rank
Comparable Companies
XTAE:G107 XTAE:SHMM XTAE:CNTL XTAE:RZR XTAE:AILN XTAE:PMVM MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ SPLK MDB ZS XAMS:ADYEN
Traded in Other Exchanges
N/A
Address
2 Bergman Street (Entrance A), 2nd Floor, Rehovot, Park Hamada, ISR, 7670503
Website
https://www.impacx.io
Water Io Ltd Formerly Impacx.Io Ltd is engaged in the development and marketing of a platform for collecting information on the use of packaged consumer products. It brings an end-to-end connected experience for water, vitamins, pharma, and CPG companies through an IoT smart packaging platform.

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