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The Ultimate Software Group (The Ultimate Software Group) 6-1 Month Momentum % : 28.12% (As of May. 01, 2024)


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What is The Ultimate Software Group 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-01), The Ultimate Software Group's 6-1 Month Momentum % is 28.12%.

The industry rank for The Ultimate Software Group's 6-1 Month Momentum % or its related term are showing as below:

ULTI's 6-1 Month Momentum % is not ranked
in the Software industry.
Industry Median: 6.46 vs ULTI: 28.12

Competitive Comparison of The Ultimate Software Group's 6-1 Month Momentum %

For the Software - Infrastructure subindustry, The Ultimate Software Group's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.


The Ultimate Software Group's 6-1 Month Momentum % Distribution in the Software Industry

For the Software industry and Technology sector, The Ultimate Software Group's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where The Ultimate Software Group's 6-1 Month Momentum % falls into.



The Ultimate Software Group  (NAS:ULTI) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


The Ultimate Software Group  (NAS:ULTI) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


The Ultimate Software Group 6-1 Month Momentum % Related Terms

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The Ultimate Software Group (The Ultimate Software Group) Business Description

Traded in Other Exchanges
N/A
Address
2000 Ultimate Way, Weston, FL, USA, 33326
The Ultimate Software Group is a provider of human capital management software solutions. The firm's UltiPro product suite includes human resources, payroll, and benefits management functionality, available in 12 languages and 35 country-specific localizations. Its solutions manage the complete employee lifecycle from recruitment to retirement, and include talent acquisition and onboarding, performance management, salary planning, budgeting, succession management, reporting, and analytical capabilities. The firm generates revenue through cloud subscription fees and implementation consulting services fees. All of the firm's revenue is generated in the United States and Canada.
Executives
Jonathan D Mariner director 2200 WEST DON TYSON PARKWAY, SPRINGDALE AR 72762
Rick Wilber director
Mitchell K Dauerman officer: Exec. VP, CFO and Treasurer

The Ultimate Software Group (The Ultimate Software Group) Headlines

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