ALTUU (Altitude Acquisition) Momentum Rank : 0 (As of Apr. 10, 2025)

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What is Altitude Acquisition Momentum Rank?

Altitude Acquisition 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.

Altitude Acquisition Momentum Rank Related Terms

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Altitude Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Altitude Acquisition Corp (NAS:ALTUU) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Perimeter Center Terrace, Suite 151, Atlanta, GA, USA, 30346

Website

https://www.altitudeac.com

Altitude Acquisition Corp is a blank check company.

Executives

Warren Hosseinion	director	C/O 1668 S. GARFIELD AVENUE, 2ND FLOOR, ALHAMBRA CA 91801
Bnp Paribas Arbitrage, Sa	10 percent owner	1 RUE LAFFITTE, PARIS I0 75009
Michael Gavin Isaacs	director	BALLY TECHNOLOGIES, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Altitude Acquisition Holdco Llc	director, 10 percent owner	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Thomas Breitling	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Gary Teplis	10 percent owner	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Adeel Rouf	officer: See Remarks	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Kevin Michael Schubert	officer: Chief Operating Officer	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Michel Maurice Taride	director	1240 WEST WESLEY ROAD, ATLANTA 2Q 30327
Farris Griggs	officer: Chief Financial Officer	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Sam Galeotos	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Hilton Sturisky	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327