Alten (CHIX:ATEP) Momentum Rank : 2 (As of Dec. 12, 2024)

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What is Alten Momentum Rank?

Alten has the Momentum Rank of 2.

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 Alten's Momentum Rank

For the Information Technology Services subindustry, Alten'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.

Alten's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Alten's Momentum Rank distribution charts can be found below:

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

Alten Momentum Rank Related Terms

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Alten Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Alten (CHIX:ATEp) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0O1S:UK ATE:France AN3:Germany

Address

40, avenue Andre-Morizet, Boulogne-Billancourt Cedex, Paris, FRA, 92513

Website

https://www.alten.com

Alten is an engineering and technology consulting firm. The company provides design and research projects for the technical and information systems divisions of corporate clients in the industrial, telecommunications, and service sectors. Alten's business consists of three operating segments: engineering and technology consulting; telecoms and networks; and information systems. The engineering and technology consulting segment contributes the majority of group revenue. Alten generates approximately half of its revenue in France with most of the balance derived in other European countries.

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