Price Momentum Rank is a percentile ranking (ranking between 0 -100) of the stock, against all other stocks in the country, based on recent historical price performance. The rank is calculated considering the price movement of the stock over the previous 12 months and the strength of price movement compared to its industry peers.
As discussed earlier, price momentum is the rate of change in the price of a particular stock. Momentum traders and investors believe that stocks that have trended up over the previous 3-12 months will continue to move up faster than the market over the next 3-12 months. Hence buying stocks with higher price momentum might increase the possibility of earning higher price returns.
Higher the price momentum rank, the stronger the price momentum. So if the overall score is 97, it indicates that the security has better price momentum than 97% of the stocks.