Alkemy SpA (MIL:ALK) Momentum Rank : 9 (As of Apr. 30, 2024)

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What is Alkemy SpA Momentum Rank?

Alkemy SpA has the Momentum Rank of 9.

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 Alkemy SpA's Momentum Rank

For the Advertising Agencies subindustry, Alkemy SpA'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.

Alkemy SpA's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Alkemy SpA's Momentum Rank distribution charts can be found below:

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

Alkemy SpA Momentum Rank Related Terms

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Alkemy SpA (MIL:ALK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Alkemy SpA (MIL:ALK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via San Gregorio, 34, Milano, ITA, 20124

Website

https://www.alkemy.com

Alkemy SpA is engaged in providing corporate consulting, communication, and advisory services in technological innovation. It offers services in digital areas including advisory, eCommerce, communication, performance, technology and Data management, and digital transformation projects. The company operates in two geographical segments that are Italy and Abroad, out of which the majority of the revenue is generated from the Italy segment.