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Google (GOOGL) Momentum Rank : 0 (As of Dec. 12, 2024)


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What is Alphabet(Google) Momentum Rank?

Alphabet(Google) has the Momentum Rank of 0.

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.

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Alphabet(Google) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Alphabet Inc(Google) (LIM:GOOGL) » Definitions » Momentum Rank
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META SPOT DASH BIDU RDDT PINS TME ZG SNAP MTCH HKSE:00700 XAMS:PRX TSE:6098 JSE:NPN HKSE:01024 ASX:REA XKRX:035420 NSE:NAUKRI XKRX:035720 ASX:CAR
Traded in Other Exchanges
GOOGL:USA GOOG:USA GOOG:Peru GOOGL:Mexico GOOG:Mexico GOOG_KZ:Kazakhstan 1GOOG:Italy 1GOOGL:Italy ABEAd:UK ABECd:UK ABE0:Germany ABEC:Germany ABEA:Germany ABEC:Germany ABEA:Germany ABEC:Germany ABEA:Germany ABEC:Germany ABEA:Germany GOOGL:Chile GOOG:Chile GOOG:Canada GOGL35:Brazil GOGL34:Brazil ABEA:Bulgaria ABEC:Bulgaria GOOC:Austria GOOA:Austria GOOGL:Argentina
Address
1600 Amphitheatre Parkway, Mountain View, CA, USA, 94043
Website
https://www.abc.xyz
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.