ALTR (Altair Engineering) Momentum Rank : 0 (As of Apr. 10, 2025)

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What is Altair Engineering Momentum Rank?

Altair Engineering has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Altair Engineering Momentum Rank Related Terms

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Altair Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Altair Engineering Inc (NAS:ALTR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

8A2:Germany

Address

1820 East Big Beaver Road, Troy, MI, USA, 48083

Website

https://www.altair.com

Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.

Executives

Gilma Saravia	officer: Chief People Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER ROAD, TROY MI 48083
James Ralph Scapa	director, 10 percent owner, officer: Chief Executive Officer	1820 E BIG BEAVER RD, TROY MI 48083
Stephanie Buckner	officer: See Remarks	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER ROAD, TROY MI 48083
Brian Gayle	officer: Chief Accounting Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER ROAD, TROY MI 48083
Jeffrey Marraccini	officer: See Remarks	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER RD., TROY MI 48083
Nelson Dias	officer: Executive Vice President	1820 E BIG BEAVER RD, TROY MI 48083
Amy Messano	officer: Chief Marketing Officer	1820 E. BIG BEAVER ROAD, TROY MI 48083
Raoul Maitra	officer: Chief Legal Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER ROAD, TROY MI 48083
Teresa A Harris	director	1820 E BIG BEAVER RD, TROY MI 48083
Ravi Kunju	officer: Chief Product Strategy Officer	C/O ALTAIR ENGINEERING INC., 1820 E. BIG BEAVER RD., TROY MI 48083
Matthew Charles Brown	officer: Chief Financial Officer	350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Mahalingam Srikanth	officer: See Remarks	1820 E BIG BEAVER RD, TROY MI 48083
James R. Scapa Declaration Of Trust	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Jrs Investments Llc	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083
Christ Revocable Trust	10 percent owner	1820 E BIG BEAVER RD, TROY MI 48083