DraftKings (DraftKings) Momentum Rank : 6 (As of May. 01, 2024)

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What is DraftKings Momentum Rank?

DraftKings 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 DraftKings's Momentum Rank

For the Gambling subindustry, DraftKings'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.

DraftKings's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DraftKings's Momentum Rank distribution charts can be found below:

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

DraftKings Momentum Rank Related Terms

Thank you for viewing the detailed overview of DraftKings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

DraftKings (DraftKings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DraftKings Inc (NAS:DKNG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DKNG:Mexico 8DEA:Germany D2KN34:Brazil

Address

222 Berkeley Street, 5th Floor, Boston, MA, USA, 02116

Website

https://www.draftkings.com

DraftKings got its start in 2012 as an innovator in daily fantasy sports. Then, following a Supreme Court ruling in 2018 that allowed states to legalize online sports wagering, the company expanded into online sports and casino gambling, where it generally holds the number two or three revenue share position across states in which it competes. DraftKings is now live with online sports betting in 21 states (44% of the U.S. population) and iGaming in five states (11% of U.S.), with both products available to around 40% of Canada's population. The company also operates a non-fungible token commissioned-based marketplace and develops and licenses online gaming products.

Executives

Jason Robins	director, officer: See Remarks	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Matthew Kalish	director, officer: See Remarks	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Paul Liberman	director, officer: See Remarks	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
R Stanton Dodge	officer: Chief Legal Officer	ECHOSTAR CORPORATION, 100 INVERNESS TERRACE EAST, ENGLEWOOD CO 80112
Jason Park	officer: Chief Financial Officer	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Erik Bradbury	officer: Chief Accounting Officer	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Marni M Walden	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
Shalom Meckenzie	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Ryan R Moore	director	56 WAREHAM STREET, 3RD FLOOR, BOSTON MA 02118
Jocelyn Moore	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Steven Joseph Murray	director	C/O SOFTBANK CAPITAL, 38 GLEN AVENUE, NEWTON MA 02459
Woodrow Levin	director	535 MISSION STREET, 11TH FLOOR, SAN FRANSISCO CA 941105
Harry Sloan	director	1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Valerie Mosley	director	TWO INTERNATIONAL PLACE, BOSTON MA 02110
Hany M Nada	director	800 MARKET STREET #800 SAN FRANCISCO CA 94102