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Autodesk (MIL:1ADSK) Momentum Rank : 0 (As of May. 23, 2024)


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What is Autodesk Momentum Rank?

Autodesk 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.

Autodesk Momentum Rank Related Terms

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Autodesk (MIL:1ADSK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Autodesk Inc (MIL:1ADSK) » Definitions » Momentum Rank
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Traded in Other Exchanges
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Address
One Market Street, Suite 400, San Francisco, CA, USA, 94105
Website
https://www.autodesk.com
Founded in 1982, Autodesk is an application software company that serves industries in architecture, engineering, and construction; product design and manufacturing; and media and entertainment. Autodesk software enables design, modeling, and rendering needs of these industries. The company has over 4 million paid subscribers across 180 countries.

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